Covenant for Life Child Development Center

Analysis

Covenant for Life Child Development Center is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in February 2010, 16 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 for Life Child Development Center reported income of $1.6m and spending of $1.9m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.6m (+50%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 358%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Covenant for Life Child Development Center sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 82nd percentile within MO. Charities of a similar size with the same main cause include Freedom Foods ($1.6m), Homeless Veteran Emergency Housing Facility ($1.6m) and Seneca County Residential Advisory Committee Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $749k (40% of expenses). At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 37 employees.