Covenant Life Ministries

Analysis

Covenant Life Ministries is a registered charity in United States, based in Hazelwood, NC. It received its IRS tax-exemption ruling in December 2004, 22 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Life Ministries reported income of $86k and spending of $77k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $111k to $86k (-22%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 78% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Covenant Life Ministries sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within NC. Charities of a similar size with the same main cause include Willoughby International Ministries ($86k), Midwest Women S Conference of the Churches of Christ ($86k) and K I N G Movement Inc ($86k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $110k against liabilities of $10k, net assets of $100k.