Covenant Community Development Corporation

Analysis

Covenant Community Development Corporation is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in December 2015, 11 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 Community Development Corporation reported income of $603k and spending of $847k, spending 140% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $869k to $603k (-31%), an average of -8.7% a year. The sharpest change came in the year to December 2023, when income dropped by 34%. Over the whole period it spent 101% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Covenant Community Development Corporation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within IN. Charities of a similar size with the same main cause include Latinas on the Verge of Excellence Love Inc ($603k), Boys & Girls Clubs of Lincolnlancaster County ($603k) and Chicago Aldermanic Black Caucus Foundation ($603k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 8.9% of the total. Compensation of current officers, directors and key employees was $104k (12% of expenses). Other salaries and wages came to $135k. At year end it held assets of $129k against liabilities of $197, net assets of $128k. It reported 12 employees.