Covenant Healthshare Inc

Analysis

Covenant Healthshare Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in June 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, Covenant Healthshare Inc reported income of $2.3m and spending of $1.5m, leaving 33% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $578k to $2.3m (+289%), an average of +57% a year. The sharpest change came in the year to December 2021, when income rose by 395%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Covenant Healthshare Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within GA. Charities of a similar size with the same main cause include Youth Advocates of Sitka Inc Sitka Receiving Home ($2.3m), Wahupa Educational Enterprises Inc ($2.3m) and Tri Lakes Cares ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $26k. At year end it held assets of $867k against liabilities of $0, net assets of $867k.