Nehemiah Project Covenant of Love

Analysis

Nehemiah Project Covenant of Love is a registered charity in United States, based in Albemarle, NC. It received its IRS tax-exemption ruling in March 2020, 6 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, Nehemiah Project Covenant of Love reported income of $168k and spending of $169k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $136k to $168k (+24%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Nehemiah Project Covenant of Love sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 47th percentile within NC. Charities of a similar size with the same main cause include Monroe Senior and Community Center ($168k), Mace Foundation ($168k) and Hope Restored Human Services Inc ($168k).

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 $15k against liabilities of $1,253, net assets of $13k.