Covenant Community Inc

Analysis

Covenant Community Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in March 1993, 33 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 September 2023, Covenant Community Inc reported income of $1.5m and spending of $1.7m, spending 108% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.4m to $1.5m (+11%), an average of +2.7% a year. The sharpest change came in the year to September 2020, when income dropped by 35%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Covenant Community Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within GA. Charities of a similar size with the same main cause include A Jesus Mission ($1.5m), Shuvi Nafshi Foundation Inc ($1.5m) and American Friends of Darche Noam Inc ($1.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 36% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $115k (6.9% of expenses). Other salaries and wages came to $766k. It paid $21k in professional fundraising fees. At year end it held assets of $1.4m against liabilities of $47k, net assets of $1.3m. It reported 21 employees.