New Covenant Community Development Center

Analysis

New Covenant Community Development Center is a registered charity in United States, based in Monroe, NC. It received its IRS tax-exemption ruling in July 2009, 17 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 December 2023, New Covenant Community Development Center reported income of $435k and spending of $330k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $342k to $435k (+27%), an average of +6.2% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Covenant Community Development Center sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within NC. Charities of a similar size with the same main cause include Helping Hand of Hope Inc ($435k), Jacks Foundation for the Homeless Inc ($435k) and Community Advance Inc ($435k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $62k (19% of expenses). Other salaries and wages came to $112k. At year end it held assets of $130k against liabilities of $0, net assets of $130k.