Midwest Covenant Home Inc

Analysis

Midwest Covenant Home Inc is a registered charity in United States, based in Stromsburg, NE. It received its IRS tax-exemption ruling in July 1975, 51 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 June 2024, Midwest Covenant Home Inc reported income of $6.3m and spending of $6.7m, spending 105% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $4.3m to $6.3m (+47%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 23%. Over the whole period it spent 106% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Midwest Covenant Home Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within NE. Charities of a similar size with the same main cause include High Sky Childrens Ranch ($6.3m), Cornerstone Support Services ($6.3m) and Advanced Center for Psychotherapy Inc ($6.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.8% and program service revenue 93% of the total. Other salaries and wages came to $3.3m. At year end it held assets of $5.6m against liabilities of $3.5m, net assets of $2.1m. It reported 129 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.