Covenant Healthcare System

Analysis

Covenant Healthcare System is a registered charity in United States, based in Saginaw, MI. It received its IRS tax-exemption ruling in May 1998, 28 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 System reported income of $519k and spending of $0, leaving 100% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $601k to $519k (-14%), an average of -3.6% a year. The sharpest change came in the year to June 2020, when income rose by 134%. Over the whole period it spent 0.0% 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 System sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within MI. Charities of a similar size with the same main cause include Divine Mercy Healing Center Inc ($518k), Speed of Light - the Astro Foundation ($519k) and Kindness Over Muscular Dystrophy Inc ($518k).

At year end it held assets of $15.7m against liabilities of $0, net assets of $15.7m.