Covenant House Michigan

Analysis

Covenant House Michigan is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in August 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Covenant House Michigan reported income of $5.4m and spending of $6.6m, spending 122% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.4m to $5.4m (+0.2%), an average of +0.1% a year. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Covenant House Michigan sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within MI. Charities of a similar size with the same main cause include Masonic Home and School of Texas ($5.4m), Accountability Lab Inc ($5.4m) and Help on the Way ($5.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $368k (5.6% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $13.8m against liabilities of $626k, net assets of $13.2m. It reported 88 employees.