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Washington · Nonprofit
COVENANT HEALTH SYSTEM (Washington) is funded by 6 grantmakers whose IRS filings report $27,273,389 in grants to it, the largest being COVENANT HEALTH SYSTEM FOUNDATION ($11,920,372). 3 of them have funded it in more than one year.
Against its field
COVENANT HEALTH SYSTEM is better cushioned than half of the 1,388 health nonprofits its size.
this organization peer median middle 50% of peers· 1,388 health nonprofits over $100M, FY2024
Revenue, expenses and net assets — each indexed to 100 at its first filing year, so you read the trajectory, not the magnitude. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
The funding model — what share of revenue comes from contributions, programs, investments and other sources — and whether it's shifting.
2% of COVENANT HEALTH SYSTEM’s revenue is contributions — more donation-reliant than the typical peer (1% for the typical peer).
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 7 reported years ran a deficit.
Grant income rose $0 → $2.1M on a roughly flat funder count — a concentrated base.
From the IRS filings of COVENANT HEALTH SYSTEM’s funders (the co-funder graph). Top 5 of 6 funders by total. Association, not causation.
COVENANT HEALTH SYSTEM leans on a few funders — its largest provides 44% of grant income and the top three 91%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
Largest funder’s share by year: 2018 59% · 2019 98% · 2020 58% · 2021 57% · 2022 100% · 2023 70% · 2024 100% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration.
COVENANT HEALTH SYSTEM is locally rooted: 78% of its grant income comes from Washington funders.
In-state vs out-of-state, by year
Grantmakers that don’t fund you yet, surfaced two ways: they back organizations that share your funders, or their grantees resemble your mission. The ones both signals agree on come first. Your 6 funders put you under-funded among the 400 organizations that share them.
From the co-funder graph (funders backing at least two comparable organizations, shrunk for grantee count, donor-advised and mega-funds excluded) and the universe embeddings. A research starting point; overlap is association, not a guarantee of fit.
Nonprofits whose mission and program text most resemble this one, by semantic similarity over the universe of US filings — the closest peers, and often the clearest route to shared or prospective funders.
Read directly from this organization’s own Form 990, as neutral context.
61% of spending goes to programs.
Part of a family of 143 related entities
Every figure is read directly from IRS Form 990 / 990-PF e-file XML — this organization’s own return for FY2024 (financials across 2018–2024), and the filings of 6funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. view filing