Covenant Health and Community Services Inc

Analysis

Covenant Health and Community Services Inc is a registered charity in United States, based in Pensacola, FL. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Covenant Health and Community Services Inc reported income of $24.3m and spending of $29.5m, spending 121% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $14.1m to $24.3m (+72%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 44%. Over the whole period it spent 119% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Covenant Health and Community Services Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include Community Living Network ($24.3m), Courtland Gardens Nursing and Rehabilitaion ($24.3m) and Nea Baptist Health System Inc ($24.3m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 22% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $2.1m (7.1% of expenses). Other salaries and wages came to $24.3m. At year end it held assets of $33.1m against liabilities of $47.5m, net assets of -$14.4m. It reported 132 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.