Covenant Living of Keene

Analysis

Covenant Living of Keene 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 Keene reported income of $14.6m and spending of $17.3m, spending 119% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income grew from $7.1m to $14.6m (+105%), an average of +105% a year. The sharpest change came in the year to September 2023, when income rose by 105%. Over the whole period it spent 119% 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 Keene sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IL. Charities of a similar size with the same main cause include Center for the Study of Social Policy ($14.6m), Bridgeway Center Inc ($14.6m) and Mother Angeline McCrory Manor Inc ($14.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.5% and program service revenue 98% of the total. Other salaries and wages came to $5.6m. At year end it held assets of $71.6m against liabilities of $76.1m, net assets of -$4.5m. It reported 192 employees.