Covenant House Illinois Inc

Analysis

Covenant House Illinois Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 2017, 9 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 Illinois Inc reported income of $5.7m and spending of $3.9m, leaving 32% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.9m to $5.7m (+48%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 61%. Over the whole period it spent 59% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Covenant House Illinois Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within IL. Charities of a similar size with the same main cause include Heartland Hope Mission ($5.7m), Young Womens Christian Association of Oklahoma City ($5.7m) and Of One Accord Inc ($5.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $342k (8.8% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $11.4m against liabilities of $3.9m, net assets of $7.5m. It reported 56 employees.