New York · Nonprofit
COVENANT HOUSE
COVENANT HOUSE (New York) receives grants from 1184 organizations whose IRS filings report $87,903,565 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($8,498,271). 589 of them have funded it in more than one year.
- Revenue FY2025
- $95M
- Funders on record
- 1,184
- Grants received
- $88M
- Net assets
- $140M
What Covenant House does
Mission
In 34 cities across five countries, Covenant House builds bridges to hope for young people facing homelessness and survivors of human trafficking. We meet their immediate needs for food, clothing, protection, and medical and mental health care; support them to advance their goals of education and employment; and offer homelessness prevention and aftercare services to reduce the risk of a young person becoming homeless in the first place and the likeliness of recurring homelessness. Covenant House encompasses a robust network of "houses," with best-in-class services and a shared commitment to unconditional love, absolute respect, and relentless support for each young person who comes to our doors. Founded as a drop-in center in new york city in 1972, Covenant House now reaches tens of thousands of children and youth every year in our residential, outreach, drop-in, prevention, and aftercare programs. Our dedicated staff across the united states, guatemala, honduras, mexico, and canada employ a strength-based, trauma-informed program model that helps young people discover and develop their power to overcome adversity now and into the future. Our north star is to end youth…
As stated on its FY2025 Form 990.
Programs
See schedule o - immediate housing (shelter and crisis care)- immediate housingCovenant House welcomes all young people facing homelessness with unconditional love, absolute respect, and relentless support. Our shelter doors are always open, 24/7/365. We have provided uninterrupted service to children and youth for more than 50 years, ensuring them shelter, nutritious food, clothing, safety, medical care, and mental health care - all needs that require immediate attention. Covenant House provides high-quality services and programs to meet those needs, stabilize each young person's situation, and help them begin to consider their longer-term goals for education, employment, career planning, and stable housing. We welcome all young people who come to us for housing and help, no questions asked except: "how can we help?" we are expertly equipped to respond to the unique needs of young survivors of human trafficking, those who identify as lgbtq+, and those who are pregnant or parenting. During fiscal year 2025, we served 7,700 individual youth in our residential programs, including 341 young parents and 436 babies and small children. We served another 7,400 youth through our drop-in…
$25,911,566 spentof which $17,525,530 as grants34% of program spendingSee schedule o - education and employment services/public education and prevention programs- education and employment servicesyoung people arrive at Covenant House with dreams that have been disrupted by homelessness. At the time of intake, 23% are employed and 22% are enrolled in school. Advancing educationally and preparing for the world of work are key to a young person's prospects for leaving homelessness behind. Either directly or through referral, we guide youth to appropriate educational and vocational opportunities, matching each young person's strengths and abilities with their career interests. Our workforce development program helps them hone the skills they need to join the workforce, become independent, and sustainably exit homelessness. Our it career pathway program started at seven Covenant House sites in 2022, and today, it's part of our regular workforce development offerings across all our sites in the u.s. And canada. It offers youth entry into a career that promises a living wage, doesn't require a college degree, is resistant to automation, and has room to grow. In fiscal year 2025, about 1,900 youth enrolled or remained in school, 1,300 engaged in on-site…
$21,887,092 spentof which $354,850 as grants29% of program spendingSee schedule o - transitional living program - rights of passage "rop"transitional living program - rights of passage "rop"Covenant House's transitional living programs, often referred to as "rights of passage or rop, are where young people take their boldest steps toward independence. Youth live in rop for up to 24 months, where they tap into their potential and plan for the future. Our research shows that the longer a young person resides with us and takes advantage of our wraparound programs, the more likely they are to experience positive outcomes, including stable housing, gainful employment, and higher education. In our transitional living program, youth build basic life skills and financial literacy, participate in educational and vocational programs, seek employment with long-term advancement and career prospects, and work toward moving into their own safe and stable housing. Covenant House staff support each young person on their journey toward sustainable independence and a hope-filled future. In fiscal year 2025, our transitional living programs served 1,488 young people. We helped 2,500 youth move to a stable residence from across all our various housing programs in…
$12,076,853 spentof which $7,901,240 as grants$927,000 earned by the program16% of program spending- street outreachin vans and on foot, Covenant House outreach workers go out to the neighborhoods, riverfronts, parks, and other places where youth facing homelessness often seek refuge and offer them food, resources, and counseling. Through sustained contact, our outreach workers build trust with young people, encouraging them to come into our shelters and connect to our programs and services. In fiscal year 2025, we served 5,700 young people through our outreach programs.- human trafficking survivorsof the thousands of young people who find safety and sanctuary at Covenant House, our research indicates that approximately one in five youth residing at our u.s. And canadian sites and more than one in two at our latin american sites are survivors of human trafficking. Young people experiencing homelessness are vulnerable to traffickers, who prey on their need for love, support, a safe place to sleep, and food, to create a trauma bond with them. Covenant House has pioneered intake screening tools to quickly reveal a history of trafficking that, otherwise, young people may be reluctant to name. We meet trafficking survivors' immediate needs for nutritious food, clothing, shelter,…
$15,308,116 spentof which $10,648,628 as grants20% of program spending
The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $75,183,627.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $124M to $157M (+26%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2018 0% · 2019 0% · 2020 0% · 2021 2% · 2022 0% · 2023 1% · 2024 2% · 2025 1%. Grants only. Government contracts and fees sit inside program revenue.
96% of COVENANT HOUSE’s revenue is contributions — more reliant on donations than three-quarters of its peers (21% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
William Bedrossian
President & CEO
Board chair
Philip J Andryc
Board chair
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 231 funders to 375 funders, grant income rose $4.4M → $12M.
73 of 1184 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 39% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $2.0M from one payer (the payer shares this organization's board, largest Under 21). These are real filings, and they are not money COVENANT HOUSE raised.
From the IRS filings of COVENANT HOUSE’s funders (the co-funder graph). Top 30 of 1184 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
COVENANT HOUSE has a broad base — no single funder exceeds 10% of grant income, and it takes 14 funders to reach half.
the vertical line marks half of all grant income — 14 funders to its left
54% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund COVENANT HOUSE.
Largest funder’s share by year: 2017 23% · 2018 27% · 2019 14% · 2020 13% · 2021 9% · 2022 10% · 2023 9% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
38% of COVENANT HOUSE's funders are still giving 3 years after their first grant; 50% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
COVENANT HOUSE draws 66% of its grant income from funders outside New York, across 50 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $34M arriving through sponsors registered in 25 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
COVENANT HOUSE is better cushioned than half of the 2,396 human services nonprofits its size.
this organization peer median middle 50% of peers· 2,396 human services nonprofits $10M–$100M, FY2025
Government funding COVENANT HOUSE receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $5.9M on record.
- Department of State$5.9M
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like COVENANT HOUSE
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In New York
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
78% of spending goes to programs.
Governance
Public support
98%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 29 states
Part of a family of 33 related entities
- 460 West 41st LLC · disregarded
- Covenant House Innovation Center LLC · disregarded
- Covenant House Alaska · exempt
- Covenant House California · exempt
- Covenant House Florida · exempt
Screen this organization
A dated, signed PDF of the compliance screen for COVENANT HOUSE: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds COVENANT HOUSE?
- COVENANT HOUSE (New York) receives grants from 1184 organizations whose IRS filings report $87,903,565 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($8,498,271). 589 of them have funded it in more than one year.
- How many funders does COVENANT HOUSE have?
- IRS filings report 1184 organizations giving $87,903,565 in grants to COVENANT HOUSE, 589 of which have funded it in more than one year.
- Who is the largest funder of COVENANT HOUSE?
- FIDELITY INVESTMENTS CHARITABLE GIFT FUND is the largest funder on record, with $8,498,271 in grants. The full list of funders is on this page.
- How can an organization like COVENANT HOUSE find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in New York. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 1184 funders 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. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing