Covenant House Texas

Analysis

Covenant House Texas is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in June 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 Texas reported income of $14.1m and spending of $8.1m, leaving 43% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.3m to $14.1m (+37%), an average of +8.3% a year. The sharpest change came in the year to June 2021, when income rose by 69%. Over the whole period it spent 58% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Covenant House Texas sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Morrow Memorial Home for the Aged ($14.1m), Home for Aged Women Inc ($14.1m) and Center for Hope Hospice Inc ($14.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $445k (5.5% of expenses). Other salaries and wages came to $3.2m. It paid $287k in professional fundraising fees. At year end it held assets of $33.1m against liabilities of $3.0m, net assets of $30.2m. It reported 91 employees.