Covenant Care Services Inc

Analysis

Covenant Care Services Inc is a registered charity in United States, based in Macon, GA. It received its IRS tax-exemption ruling in January 1990, 36 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 December 2022, Covenant Care Services Inc reported income of $1.0m and spending of $623k, leaving 39% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $658k to $1.0m (+55%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 37%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Covenant Care Services Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within GA. Charities of a similar size with the same main cause include Tender Years ($1.0m), Agape Child Care Center ($1.0m) and Heartline Ministries ($1.0m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 54% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $75k (12% of expenses). Other salaries and wages came to $280k. At year end it held assets of $1.2m against liabilities of $54k, net assets of $1.1m. It reported 14 employees.