Covenant Housing Corporation

Analysis

Covenant Housing Corporation is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in October 1992, 34 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 2023, Covenant Housing Corporation reported income of $6.2m and spending of $4.7m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.4m to $6.2m (+41%), an average of +9.0% a year. The sharpest change came in the year to December 2022, when income rose by 16%. Over the whole period it spent 81% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Covenant Housing Corporation 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 KS. Charities of a similar size with the same main cause include Owensville Primary Care Inc ($6.2m), Marie Esther Health Center Inc ($6.2m) and Grossmont Hospital Foundation ($6.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $60k (1.3% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $13.4m against liabilities of $884k, net assets of $12.5m.