Covenant House Florida Inc

Analysis

Covenant House Florida Inc is a registered charity in United States, based in Ft Lauderdale, FL. It received its IRS tax-exemption ruling in December 1983, 43 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 Florida Inc reported income of $7.3m and spending of $6.6m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $10.6m to $7.3m (-31%), an average of -8.9% a year. The sharpest change came in the year to June 2020, when income dropped by 19%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Covenant House Florida Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Senior Life Midland Inc ($7.3m), Armed Services YMCA of the USA ($7.3m) and Bridge of Grace Inc ($7.3m).

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 $209k (3.2% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $9.7m against liabilities of $625k, net assets of $9.1m. It reported 142 employees.