Covenant Family Ministries Inc

Analysis

Covenant Family Ministries Inc is a registered charity in United States, based in Parker, CO. It received its IRS tax-exemption ruling in June 2002, 24 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, Covenant Family Ministries Inc reported income of $153k and spending of $130k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $122k to $153k (+25%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 89% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Covenant Family Ministries Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 44th percentile within CO. Charities of a similar size with the same main cause include Faithful Love Inc ($153k), Southeast Community Center ($153k) and Ambush Ministries Inc ($153k).

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 $74k against liabilities of $0, net assets of $74k.