Covenant Living West

Analysis

Covenant Living West is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in July 1975, 51 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 West reported income of $136.7m and spending of $128.5m, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $78.5m to $136.7m (+74%), an average of +15% a year. The sharpest change came in the year to September 2020, when income rose by 57%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Covenant Living West sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within CA. Charities of a similar size with the same main cause include Second Harvest Inland Northwest ($136.7m), Riderwood Village Inc ($136.9m) and United Movement Organized Kindness ($135.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.8% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $1.0m (0.8% of expenses). Other salaries and wages came to $46.7m. At year end it held assets of $406.4m against liabilities of $239.9m, net assets of $166.5m. It reported 1,444 employees.