Covenant Place Senior Center Inc

Analysis

Covenant Place Senior Center Inc is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in February 2016, 10 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, Covenant Place Senior Center Inc reported income of $620k and spending of $935k, spending 151% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $12.2m to $620k (-95%), an average of -52% a year. The sharpest change came in the year to December 2020, when income dropped by 94%. Over the whole period it spent 27% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Covenant Place Senior Center Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within MO. Charities of a similar size with the same main cause include Lubbock Impact Inc ($620k), Grace Place Properties ($620k) and Social & Emotional Wellness Initiative ($620k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $25k (2.7% of expenses). Other salaries and wages came to $176k. At year end it held assets of $11.3m against liabilities of $152k, net assets of $11.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.