Nonprofit screen
Screen a listCovenant Community Capital Corporation
Can you give?
Listed with the IRS. Every screen came back clear.
A 501(c)(3) on Publication 78 and the IRS master file.
- IRS nonprofit listing
- No issue
- Revocation
- None
- IRS files
- Agree
- Sanctions
- No match
- IRS bulletin
- No notice
- California
- No record
- Charity type
- 509(a)(1)
$2.6Mrevenue
FY2024 · +19% in 3 yrs7staff
8 of 8years filed
’17’18’19’20’21’22’23’24
Revenue and spendingRevenueSpendingDeficit
Against similar nonprofits FY2024
Operating margin−1.9%
Months of reserve2.5mo
Revenue growth (annualized)+9.7%
Middle half of peersMedianCovenant Community Capital
Where the money goes FY2024 · $2.7M spent
Programs$2.5M95%Management and general$52k2%Fundraising$96k4%990 FY2024 · Part IX line 25
Worth checking2
A funder worth 15% of revenue stopped after FY2020
Local Initiatives Support Corporation gave about $423k a year for three years, 15% of revenue in FY2020.
Funders’ 990-PF grant listsDeficits in 3 of the last 3 years
−$307k in FY2022, −$107k in FY2023 and −$50k in FY2024. Cash covers 2.5 months, under the peer median of 5.5.
990 Part I and balance sheetIn its favor3
Strong governance
4 of 5 board members independent. Conflict-of-interest and whistleblower policies, audited financial statements, board reviews the 990.
990 Part VIGrowing faster than peers
Revenue up 10% a year since FY2017, faster than half of similar nonprofits.
990 Part I · peer cohortA history of government grants
Government grants on 3 of its 4 returns, 5% of revenue in FY2021. $549k is traced federal awards from Department of Health and Human Services.
990 Part VIII · USAspending12funders
$652ka year, last 3 years
56%from its largest funder
Funder’17’18’19’20’21’22’23United Way of Greater HoustonEvery year since FY2017$399k$429k$389k$280k$302k$503k$290kLocal Initiatives Support CorporationStopped after FY2020$481k$300k$488k–Covenant Neighborhoods IncSince FY2021$294k$144k$240kCities for Financial Empowerment Fund IncOn and off$10k$90k$25k$20kCba FundOn and off$100kThe Zions Bancorporation FoundationOn and off$1k$3k$4kDonor-advised giftsDonors not disclosed$121k$28k3 other fundersUp to $27k a year each$18k$3k$28k$5k
FundedThrough a donor-advised fundStopped