Covenant Health Foundation

Analysis

Covenant Health Foundation is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in February 1999, 27 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 2023, Covenant Health Foundation reported income of $1.5m and spending of $1.2m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $1.5m (-11%), an average of -2.8% a year. The sharpest change came in the year to December 2021, when income dropped by 27%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Covenant Health Foundation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within TN. Charities of a similar size with the same main cause include Becker County Developmental Achievement Center Inc ($1.5m), Launch Pad ($1.5m) and Jackie Nitschke Center Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% of the total. At year end it held assets of $17.5m against liabilities of $164k, net assets of $17.3m.