Covenant Hospice Foundation Inc

Analysis

Covenant Hospice Foundation Inc is a registered charity in United States, based in Pensacola, FL. It received its IRS tax-exemption ruling in January 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Covenant Hospice Foundation Inc reported income of $1.6m and spending of $2.2m, spending 139% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $2.0m to $1.6m (-23%), an average of -8.4% a year. The sharpest change came in the year to December 2022, when income dropped by 46%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Covenant Hospice Foundation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Mekong Inc ($1.6m), Sojourn Landing ($1.6m) and Stepping Stone Shelter for Women Incorporated ($1.6m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 108% of the total. Other salaries and wages came to $94k. At year end it held assets of $4.0m against liabilities of $33k, net assets of $4.0m.