Covenant Hospice Inc

Analysis

Covenant Hospice Inc is a registered charity in United States, based in Pensacola, FL. It received its IRS tax-exemption ruling in October 1982, 44 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 Hospice Inc reported income of $62.2m and spending of $55.4m, spending 89% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $56.0m to $62.2m (+11%), an average of +3.6% a year. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Covenant Hospice Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Firstday Foundation ($62.2m), Methodist Childrens Home ($62.3m) and Akron-Canton Regional Foodbank ($62.0m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 7.9% and program service revenue 91% of the total. Other salaries and wages came to $18.5m. At year end it held assets of $80.3m against liabilities of $17.3m, net assets of $63.1m. It reported 473 employees.