Covenant Fusion Church Inc

Analysis

Covenant Fusion Church Inc is a registered charity in United States, based in Clermont, FL. It received its IRS tax-exemption ruling in October 2020, 6 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Covenant Fusion Church Inc reported income of $205k and spending of $264k, spending 129% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $293k to $205k (-30%), an average of -30% a year. The sharpest change came in the year to December 2023, when income dropped by 30%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Covenant Fusion Church Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within FL. Charities of a similar size with the same main cause include National Black Sisters Conference ($205k), Moriah Ministries ($205k) and Ministerio Internacional Encuentrocon Dios Inc ($205k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $38k against liabilities of $12k, net assets of $26k.