Church Of The Covenant Trust
Church Of The Covenant Trust maintains small asset base with minimal expenses and no officer compensation.
EIN: 146013991 · Providence, RI · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $13K |
| Total Expenses | $706 |
| Program Spending | 90% |
| Net Assets | $19K |
| Transparency Score | 85/100 |
Is Church Of The Covenant Trust Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Church Of The Covenant Trust directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Church Of The Covenant Trust
Church Of The Covenant Trust (EIN: 146013991) is a nonprofit organization based in Providence, RI. The organization reported total revenue of $13K and total assets of $19K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Church Of The Covenant Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Church Of The Covenant Trust is a micro nonprofit that has been operating for 52 years, with 7 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of 11.6%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $2K |
| Total Expenses | $706 |
| Surplus / Deficit | +$1K |
| Total Assets | $19K |
| Total Liabilities | $1 |
| Net Assets | $19K |
| Operating Margin | 60.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 323.5 months |
Financial Health Grade: A
In 2020, Church Of The Covenant Trust reported a surplus of $1K with revenue exceeding expenses, holds 323.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 7 years of filings (2011–2020), Church Of The Covenant Trust's revenue has grown at a compound annual growth rate (CAGR) of 11.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | +195.9% | -80.9% | +6.1% |
| 2019 | -64.5% | +211.7% | -15.2% |
| 2015 | +103.2% | -13.9% | +3.6% |
| 2014 | -78.3% | +20.3% | -1.7% |
| 2013 | +267.4% | +13.0% | +14.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1974 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Church Of The Covenant Trust with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Church Of The Covenant Trust allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or trustees are receiving salaries from the organization. This is appropriate for an organization of this size and nature, suggesting all funds are directed towards its stated purpose or held in trust.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Church Of The Covenant Trust:
- Consistently reports 0% officer compensation, indicating efficient use of funds.
- Maintains a stable asset base with minimal liabilities, suggesting financial prudence.
- Low overall expenses relative to assets, indicating conservative spending.
- Consistent filing of IRS 990 forms, demonstrating transparency.
Frequently Asked Questions about Church Of The Covenant Trust
Is Church Of The Covenant Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Church Of The Covenant Trust (EIN: 146013991) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Church Of The Covenant Trust spend its money?
Church Of The Covenant Trust directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Church Of The Covenant Trust tax-deductible?
Church Of The Covenant Trust is registered as a tax-exempt nonprofit (EIN: 146013991). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Church Of The Covenant Trust located?
Church Of The Covenant Trust is headquartered in Providence, Rhode Island and files with the IRS under EIN 146013991.
How many years of IRS 990 filings does Church Of The Covenant Trust have?
Church Of The Covenant Trust has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $13K in total revenue.
Is Church Of The Covenant Trust a good charity?
Based on the available financial data, the organization demonstrates good financial stewardship with low expenses and no officer compensation. Its small size and consistent asset base suggest it is fulfilling its trust obligations without significant overhead. However, without detailed program information, it's difficult to assess the direct impact of its charitable activities.
What is the primary purpose of this trust?
The NTEE code is unknown, and the provided financial data does not specify the exact charitable purpose of the 'Church Of The Covenant Trust.' Further investigation into its founding documents would be needed to understand its specific mission.
How has the organization's financial health changed over time?
The organization's assets have remained relatively stable, fluctuating between approximately $17,937 and $21,149 over the past decade. Revenue and expenses have also been consistently low, with the latest revenue of $13,254 being an outlier compared to previous years, which were typically under $4,000. Overall, it maintains a stable, albeit small, financial position.
Filing History
IRS 990 filing history for Church Of The Covenant Trust showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2020), Church Of The Covenant Trust's revenue has grown by 168%, moving from $669 to $2K. Total assets increased by 5.5% over the same period, from $18K to $19K. Total functional expenses fell by 50.4%, from $1K to $706. In its most recent filing year (2020), Church Of The Covenant Trust reported a surplus of $1K, with revenue exceeding expenses. The organization holds $1 in liabilities against $19K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $19K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $2K | $706 | $19K | $1 | — | View 990 |
| 2019 | $606 | $4K | $18K | $1 | — | View 990 |
| 2015 | $2K | $1K | $21K | $0 | — | View 990 |
| 2014 | $839 | $1K | $20K | $0 | — | View 990 |
| 2013 | $4K | $1K | $21K | $0 | — | View 990 |
| 2012 | $1K | $1K | $18K | $0 | — | View 990 |
| 2011 | $669 | $1K | $18K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $2K, expenses of $706, and assets of $19K (revenue +195.9% year-over-year).
- 2019: Revenue of $606, expenses of $4K, and assets of $18K (revenue -64.5% year-over-year).
- 2015: Revenue of $2K, expenses of $1K, and assets of $21K (revenue +103.2% year-over-year).
- 2014: Revenue of $839, expenses of $1K, and assets of $20K (revenue -78.3% year-over-year).
- 2013: Revenue of $4K, expenses of $1K, and assets of $21K (revenue +267.4% year-over-year).
- 2012: Revenue of $1K, expenses of $1K, and assets of $18K (revenue +57.4% year-over-year).
- 2011: Revenue of $669, expenses of $1K, and assets of $18K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Church Of The Covenant Trust:
Data Sources and Methodology
This transparency report for Church Of The Covenant Trust is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.