Covenant House New Orleans

Analysis

Covenant House New Orleans is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in June 1986, 40 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Covenant House New Orleans reported income of $6.8m and spending of $8.6m, spending 127% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.8m to $6.8m (+0.7%), an average of +0.2% a year. The sharpest change came in the year to June 2020, when income rose by 19%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Covenant House New Orleans sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within LA. Charities of a similar size with the same main cause include Senior Resource Connection ($6.8m), St Lawrence County Community Development Program Inc ($6.8m) and Sojourner Family Peace Center Inc ($6.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $363k (4.2% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $9.2m against liabilities of $1.1m, net assets of $8.1m. It reported 113 employees.