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Covenant Advisers Fund at a glance

· Private foundation

Covenant Advisers Fund

Its FY2024 filing reports that it funds preselected organizations and did not take unsolicited requests; check the foundation's own site before ruling it out.

$189k
Granted FY2024still arriving
16
Grants FY2024still arriving
11
States reached
$100k
Largest
01What it fundsRead
02The needRead
03Its fieldRead
01What it funds
01100% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2022 to 2023.

Human Services$64kPublic Safety & Disaster$10kInternational$7kReligion$6k
02FY2024 · 16 grants

Where the money goes

Grants by size, and the largest recipients.

By grant size · FY2024

  • Under $10k14 grants · $57k
  • $10k–50k1 grant · $32k
  • $50k–250k1 grant · $100k
$4,500
Median grant
11
States reached
$7.0M
Total assets
Largest grants
RecipientAmount
ASONE MINISTRIES$100,000
HOLOS HOPE NFP$32,000
L Carter$6,500
A DeRaps$6,500
NIGHTLIGHT CHRISTIAN ADOPTIONS$6,500
P Nunley$4,500
GLOBAL ADOPTION SERVICES INC$4,500
MISSIONARY CHURCH INVESTMENT FOUNDATION$4,500
A Martin$3,005
COMMISSION TO EVERY NATION INC$3,000
NEIGHBORHOOD CHRISTIAN CENTER$3,000
GARDEN FOUNDATION$3,000
LIFESOURCE INC$3,000
REFORNATIONS$3,000
A BETTER WAY EDUCATION AND SUPPORT$3,000
02The need
03

Does the money reach high-need areas?

Each grant placed by the hardship in its grantee’s ZIP, against the area’s typical level.

show:

Its human-services grants (FY22–24, $37k) land where the poverty rate runs at 8%, against an area that typically sits at 9%. 16% of those dollars go to grantees based in above-average-need neighborhoods. Its grants skew toward lower-need ZIPs.

area typical 9%LIFESOURCE INC: $3k → 13%GLOBAL ADOPTION SERVICES INC: $20k → 7%NEIGHBORHOOD CHRISTIAN CENTER: $3k → 13%GLOBAL ADOPTION SERVICES INC: $7k → 7%GLOBAL ADOPTION SERVICES INC: $5k → 7%0%20%40%50%more need →
grant to an above-average-need area below average· circle size = grant amount
How this is measured
Matched: human-services grants are those whose grantee’s IRS cause code is Human Services. Placed by people below the poverty line in the grantee’s ZIP, averaged from the tracts in that ZIP.
How this is measured
US grants placed by each grantee’s ZIP, which can differ from where services are delivered. Need from public data (U.S. Census/ACS, CDC PLACES, Eviction Lab, USDA), shown as context about the area, never attributed to the funder’s giving.
03Its field

Closest unfunded matches

The nonprofits that most resemble its grantees but are not funded by it, scored along the direction from the rest of the field toward the portfolio. A resemblance in what they say they do, not a recommendation.

1
International Christian Partners Llc

Childrens Home and Ministry in India

Religion
2
Gospel Care Collective

Provide resources for global orphan care

Human Services
3
Pearl Ministries Inc

Pearl Ministries partners with individuals, families, and churches to help orphans and vulnerable children in Uganda, the Pearl of Africa, through gospel centered, holistic development of family and community in partnership with indigenous…

Religion
4
Christian Ministries International
—
5
Greater Heights Missions

Bringing food, clothes, water and construction to Uganda

Religion
6
Dozen Ministries

Religious

Religion
7
House of Prayer for All Nations

Church ministry

Religion
8
Hilo Ministries Inc

To be an organization where people are excited to assist in the love and care of the orphan and those in foster care, as well as providing temporary housing and training for those in the worldwide missionary field.

Human Services
9
Asia Us Impact

Religious

Religion
10
All Nation Mission

We expend every effort through biblical means to proclaim the message of jesus throughout the world to those who dont know him. we establish indigenous churches, train leaders, and serve the poor. we serve to introduce people and to…

International
11
International Impact Ministries in
Religion
12
Life Seeds

Christian ministry

Human Services
How this is measured
The grantee most central to the portfolio’s shape is Commission to Every Nation; the most unlike its peers is Garden Foundation. Resemblance is measured on each organization’s own IRS 990 mission text; it reflects how work is described, not its quality or impact.
04the grantee network

10 grantees tracked through their own filings, 2017–2025.

Each grant beside the grantee’s revenue from every source, year by year.

How this is measured

Counted here: distinct organizations funded across 2017 to 2025, not grant rows in a single year, so this will not match the grant count on the cover. 10 of the 24 grantees resolved in that span have returns of their own we could reconcile.

Each grantee is resolved to its own IRS returns. Association, dated; never a causal claim.

1
Load-bearing (≥25% of a budget)
0
Early backer (in before they grew)
10/10
Grantees still filing
3/10
Grew since first funded

Where the money sits, by cause and then by grantee

AsOne Ministries: $100,000 · Human ServicesAsOne MinistriesGLOBAL ADOPTION SERVICES INC: $30,500 · Human ServicesGLOBAL ADOPTION SERVICES INC+2 more: $6,000 · Human ServicesH Rader: $6,695 · OtherH RaderNIGHTLIGHT CHRISTIAN ADOPTIONS: $6,500 · OtherNIGHTLIGHT CHRISTIAN ADOPTION…L Carter: $6,500 · OtherL CarterT Layman: $6,500 · OtherT LaymanA Miller: $6,500 · OtherA MillerKIDSFIRST ADOPTION SERVICES INC: $6,500 · OtherKIDSFIRST ADOPTION SERVICES I…A DeRaps: $6,500 · OtherA DeRapsCHURCH OF THE LIVING GOD: $6,000 · OtherCHURCH OF THE LIVING GODP Nunley: $4,500 · OtherP NunleyMISSIONARY CHURCH INVESTMENT FOUNDATION: $4,500 · OtherMISSIONARY CHURCH INVESTMENT …A Martin: $3,005 · OtherT Winslow: $3,000 · OtherA BETTER WAY EDUCATION AND SUPPORT: $3,000 · OtherADULLAM INTERNATIONAL MINISTRIES: $2,500 · Other+1 more: $302 · OtherHOLOS HOPE: $50,000 · HealthHOLOS HOPEGARDEN FOUNDATION: $3,000 · ReligionCOMMISSION TO EVERY NATION: $3,000 · ReligionREFORNATIONS: $3,000 · ReligionALL GOD'S CHILDREN INTERNATIONAL: $6,500 · International
Human Services$136,500Other$72,502Health$50,000Religion$9,000International$6,500

Each grantee by its size and the funder’s share of it; top left is load-bearing

25%50%75%100%$1.0M$10Mgrantee revenue →↑ funder's share of their budgetAsOne Ministries: $100,000 over 1y, 2.3% of budgetHOLOS HOPE: $50,000 over 2y, 40% of budgetGLOBAL ADOPTION SERVICES INC: $30,500 over 3y, 6.8% of budgetNIGHTLIGHT CHRISTIAN ADOPTIONS: $6,500 over 1y, 0.1% of budgetALL GOD'S CHILDREN INTERNATIONAL: $6,500 over 1y, 0.1% of budgetGARDEN FOUNDATION: $3,000 over 1y, 0.5% of budgetLIFESOURCE INC: $3,000 over 1y, 0.5% of budgetCOMMISSION TO EVERY NATION: $3,000 over 1y, 0.0% of budgetNEIGHBORHOOD CHRISTIAN CENTER OF AL: $3,000 over 1y, 0.5% of budgetREFORNATIONS: $3,000 over 1y, 3.3% of budget
Grantee by grantee: a decade per organization, before and after funding

A decade per grantee: revenue shaded, grants as bars, all rows on one timeline.

  • Who funds AsOne Ministries ↗
  • Who funds HOLOS HOPE ↗
  • Who funds GLOBAL ADOPTION SERVICES INC ↗
  • Who funds NIGHTLIGHT CHRISTIAN ADOPTIONS ↗
  • Who funds ALL GOD'S CHILDREN INTERNATIONAL ↗
  • Who funds GARDEN FOUNDATION ↗
  • Who funds LIFESOURCE INC ↗
  • Who funds COMMISSION TO EVERY NATION ↗
  • Who funds NEIGHBORHOOD CHRISTIAN CENTER OF AL ↗
  • Who funds REFORNATIONS ↗

How much its grantees rely on government

Each dot is one organization Covenant Advisers Fund funds: left to right is the share of its income from government, bottom to top the share from Covenant Advisers Fund. Bigger dots raise more.

2023
’20’21’22’23’24
no gov · 10%1%4%8%15%funder's share of their income ↑0%1%3%4%5%share of the org’s income from government →
    no gov moneyreceives it· size = income
    1get no government money at all
    0rely on government for over half their income
    ⤢ axis zoomed · 0–5%
    typical government reliance, FY20–24
    How this is measured
    Government income is each org’s traced federal awards (USASpending grants and contracts) plus state payments (open checkbooks) as a share of its total revenue (IRS Form 990); the self-reported government-grant line (990 line 1e) is carried for cross-check: a grantee that reports government grants we could not trace to a source is left off the chart rather than shown as receiving none. An association, not a claim that a grant caused the public funding. Coverage is precision-first, a floor rather than a census; state records exist for 9 states, so a grantee outside them shows no state figure (dimmed) rather than a false zero. Federal award amounts are obligations, which can span years, so a single-year share is indicative. 990 filings lag 12 to 24 months.

    On method. Every financial figure here is read from IRS e-file XML, the funder’s own 990/990-PF, and from the multi-year returns of the 24 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program-service reporting (Form 990, Part III), read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

    How this is measured
    Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

    Generated from the IRS Form 990-PF e-file return for fiscal year 2024, released 2024. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

    Source object · view filing

    Play a game based on Covenant Advisers’ filings →

    More from the funding graph

    The unnamed billions
    grants reported with no recipient in the public record
    The regranting layer
    51% of grant dollars land in the regranting layer
    The DAF merry-go-round
    $9.7B circulates between donor-advised funds
    The endowment market
    who holds foundation money, and what just moved
    The camps
    funders cluster by geography, not ideology
    By state
    where grant money is based, and what stays home