Covenant Place Foundation

Analysis

Covenant Place Foundation is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in May 1988, 38 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 December 2023, Covenant Place Foundation reported income of $484k and spending of $295k, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $914k to $484k (-47%), an average of -15% a year. The sharpest change came in the year to December 2021, when income dropped by 43%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Covenant Place Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 67th percentile within MO. Charities of a similar size with the same main cause include The Family Room ($484k), Champ Assistance Dogs Inc ($484k) and Seton Harvest Inc ($484k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 8.4% of the total. Compensation of current officers, directors and key employees was $66k (22% of expenses). Other salaries and wages came to $13k. At year end it held assets of $4.3m against liabilities of $2.1m, net assets of $2.2m.