Covenant Health System Foundation

Analysis

Covenant Health System Foundation is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in April 2001, 25 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 2023, Covenant Health System Foundation reported income of $5.8m and spending of $11.1m, spending 190% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $10.8m to $5.8m (-46%), an average of -14% a year. The sharpest change came in the year to December 2021, when income rose by 53%. Over the whole period it spent 107% 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 System Foundation 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 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Make-A-Wish Northeastern & Central California ($5.8m), Zion Integrated Behavioral Health Services Inc ($5.8m) and RCS Empowers Inc ($5.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $332k (3.0% of expenses). Other salaries and wages came to $921k. At year end it held assets of $62.2m against liabilities of $8.7m, net assets of $53.5m. It reported 15 employees.