Covenant Living of Geneva

Analysis

Covenant Living of Geneva is a registered charity in United States, based in Skokie, IL. It received its IRS tax-exemption ruling in July 1975, 51 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Covenant Living of Geneva reported income of $1.5m and spending of $1.1m, leaving 27% of income unspent that year. Across the 3 years on record, from September 2021 to September 2023, income grew from $1.3m to $1.5m (+15%), an average of +7.2% a year. The sharpest change came in the year to September 2023, when income rose by 16%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Covenant Living of Geneva sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within IL. Charities of a similar size with the same main cause include Royal Ridges Retreat at Andersen Ranch ($1.5m), Jackson County Board on Aging Inc ($1.5m) and Windham Regional Community Council Inc ($1.5m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $129k. At year end it held assets of $5.8m against liabilities of $7.4m, net assets of -$1.5m.