Covenant Missions

Analysis

Covenant Missions is a registered charity in United States, based in Roseville, MI. It received its IRS tax-exemption ruling in July 2020, 6 years ago. 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 Missions reported income of $1.3m and spending of $675k, leaving 46% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $330k to $1.3m (+282%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 1382%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Covenant Missions sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within MI. Charities of a similar size with the same main cause include Nami North Carolina Inc ($1.3m), Florida Ballet at Jacksonville Inc ($1.3m) and Wyoming State 4h Foundation ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.