Covenant Renewal Ministries Incorporated

Analysis

Covenant Renewal Ministries Incorporated is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in February 1997, 29 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Renewal Ministries Incorporated reported income of $98k and spending of $103k, spending 105% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $105k to $98k (-6.4%), an average of -6.4% a year. Over the whole period it spent 101% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Covenant Renewal Ministries Incorporated sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 34th percentile within AZ. Charities of a similar size with the same main cause include Buddhist Association of Dharma Sources ($98k), Sanatan Dharam Ramayan Mandali of Los Angeles ($98k) and Jewish Youth Encounter Program Inc ($98k).

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 $68k against liabilities of $19k, net assets of $49k.