Covenant Healthcare Foundtion

Analysis

Covenant Healthcare Foundtion is a registered charity in United States, based in Saginaw, MI. It received its IRS tax-exemption ruling in April 1985, 41 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Covenant Healthcare Foundtion reported income of $3.2m and spending of $962k, leaving 70% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.5m to $3.2m (+28%), an average of +6.3% a year. The sharpest change came in the year to June 2020, when income rose by 83%. Over the whole period it spent 66% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Covenant Healthcare Foundtion sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within MI. Charities of a similar size with the same main cause include Intealth Foundation ($3.2m), Christian Psychological Center Inc ($3.2m) and Keystone Alliance ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% of the total. Other salaries and wages came to $288k. At year end it held assets of $25.3m against liabilities of $94k, net assets of $25.2m.