Sisters of the New Covenant Inc

Analysis

Sisters of the New Covenant Inc is a registered charity in United States, based in Golden, CO. It received its IRS tax-exemption ruling in February 2007, 19 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sisters of the New Covenant Inc reported income of $125k and spending of $127k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $38k to $125k (+229%), an average of +35% a year. The sharpest change came in the year to December 2023, when income rose by 817%. Over the whole period it spent 161% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Sisters of the New Covenant Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 39th percentile within CO. Charities of a similar size with the same main cause include Sounds of the Trumpet Inc ($125k), Friends of the Master Inc ($125k) and Phoenix Methodist Church ($125k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% of the total. At year end it held assets of $2.8m against liabilities of $265k, net assets of $2.6m.

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.