Covenant House Alaska
Covenant House Alaska shows strong asset growth and no reported officer compensation, despite fluctuating annual revenues.
EIN: 133419755 · Anchorage, AK · NTEE: P300 · Updated: 2026-03-28
Is Covenant House Alaska Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Covenant House Alaska directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Covenant House Alaska
Covenant House Alaska (EIN: 133419755) is a nonprofit organization based in Anchorage, AK, classified under NTEE code P300. The organization reported total revenue of $15.3M and total assets of $33.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Covenant House Alaska's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Covenant House Alaska is a large nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $15.4M |
| Total Expenses | $16.7M |
| Surplus / Deficit | $-1,286,734 |
| Total Assets | $35.0M |
| Total Liabilities | $7.4M |
| Net Assets | $27.6M |
| Operating Margin | -8.3% |
| Debt-to-Asset Ratio | 21.0% |
| Months of Reserves | 25.1 months |
Financial Health Grade: B
In 2023, Covenant House Alaska reported a deficit of $1.3M with expenses exceeding revenue, holds 25.1 months of operating reserves (strong position), has a debt-to-asset ratio of 21.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Covenant House Alaska's revenue has grown at a compound annual growth rate (CAGR) of 8.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -31.0% | +19.2% | -0.6% |
| 2022 | +87.2% | +31.5% | +49.5% |
| 2021 | -6.8% | +13.3% | +1.9% |
| 2020 | +62.9% | +8.2% | +9.8% |
| 2019 | +15.3% | +13.9% | -0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 Covenant House Alaska with a Mission Score of 90 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: 85%
- fundraising: 5%
According to IRS 990 filings, Covenant House Alaska allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 21.0%.
Executive Compensation Analysis
Covenant House Alaska consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to officers, directors, trustees, or key employees, which is highly commendable for a nonprofit of its size with over $15 million in annual revenue.
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.
Red Flags
The following concerns were identified during AI analysis of Covenant House Alaska's IRS 990 filings:
- Revenue fluctuations: The significant drop in revenue from $22.3 million in 2022 to $15.4 million in 2023 could indicate reliance on variable funding sources or one-time grants that may not be sustainable.
Strengths
The following positive indicators were identified for Covenant House Alaska:
- Strong asset growth: Assets increased from $23.5 million in 2014 to $34.9 million in 2023, indicating robust financial stability.
- No reported officer compensation: Consistently reporting 0% officer compensation across all filings demonstrates exceptional transparency and dedication to mission.
- Healthy asset-to-liability ratio: With $34.9 million in assets and $7.3 million in liabilities in 2023, the organization maintains a strong financial cushion.
- Consistent filing history: A long history of 13 IRS 990 filings indicates good compliance and transparency.
Frequently Asked Questions about Covenant House Alaska
Is Covenant House Alaska a legitimate charity?
Based on AI analysis of IRS 990 filings, Covenant House Alaska (EIN: 133419755) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Covenant House Alaska spend its money?
Covenant House Alaska directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Covenant House Alaska tax-deductible?
Covenant House Alaska is registered as a tax-exempt nonprofit (EIN: 133419755). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Covenant House Alaska a good charity?
Based on the available IRS 990 data, Covenant House Alaska appears to be a very good charity. It exhibits strong financial health with growing assets, low liabilities, and a remarkable commitment to transparency by reporting 0% officer compensation. Its spending efficiency, with a high proportion likely going to programs, further supports its effectiveness.
How has Covenant House Alaska's financial health changed over time?
Covenant House Alaska has significantly improved its financial health over the past decade. Its assets have grown from $23.5 million in 2014 to $34.9 million in 2023, while liabilities have remained manageable relative to assets. Revenue has also seen substantial growth, from $5.1 million in 2014 to $15.4 million in 2023, albeit with some year-to-year fluctuations.
What is Covenant House Alaska's approach to executive compensation?
Covenant House Alaska's approach to executive compensation is highly conservative and transparent, as evidenced by the consistent reporting of 0% officer compensation in all available IRS 990 filings. This indicates that no compensation is paid to its officers, directors, trustees, or key employees, which is a strong positive for donor confidence.
Filing History
IRS 990 filing history for Covenant House Alaska showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Covenant House Alaska's revenue has grown by 177.5%, moving from $5.6M to $15.4M. Total assets increased by 257.5% over the same period, from $9.8M to $35.0M. Total functional expenses rose by 275.3%, from $4.5M to $16.7M. In its most recent filing year (2023), Covenant House Alaska reported a deficit of $1.3M, with expenses exceeding revenue. The organization holds $7.4M in liabilities against $35.0M in assets (debt-to-asset ratio: 21.0%), resulting in net assets of $27.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $15.4M | $16.7M | $35.0M | $7.4M | — | — |
| 2022 | $22.4M | $14.0M | $35.2M | $6.4M | — | View 990 |
| 2021 | $11.9M | $10.7M | $23.5M | $2.7M | — | — |
| 2020 | $12.8M | $9.4M | $23.1M | $3.9M | — | — |
| 2019 | $7.9M | $8.7M | $21.1M | $7.0M | — | View 990 |
| 2018 | $6.8M | $7.6M | $21.1M | $6.3M | — | View 990 |
| 2017 | $5.2M | $7.9M | $20.9M | $5.3M | — | View 990 |
| 2016 | $5.6M | $7.2M | $22.7M | $4.5M | — | View 990 |
| 2015 | $5.1M | $6.8M | $22.7M | $3.0M | — | View 990 |
| 2014 | $5.1M | $6.4M | $23.5M | $2.0M | — | View 990 |
| 2013 | $16.5M | $5.4M | $25.1M | $1.2M | — | View 990 |
| 2012 | $8.4M | $4.7M | $14.0M | $1.2M | — | View 990 |
| 2011 | $5.6M | $4.5M | $9.8M | $795K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $15.4M, expenses of $16.7M, and assets of $35.0M (revenue -31.0% year-over-year).
- 2022: Revenue of $22.4M, expenses of $14.0M, and assets of $35.2M (revenue +87.2% year-over-year).
- 2021: Revenue of $11.9M, expenses of $10.7M, and assets of $23.5M (revenue -6.8% year-over-year).
- 2020: Revenue of $12.8M, expenses of $9.4M, and assets of $23.1M (revenue +62.9% year-over-year).
- 2019: Revenue of $7.9M, expenses of $8.7M, and assets of $21.1M (revenue +15.3% year-over-year).
- 2018: Revenue of $6.8M, expenses of $7.6M, and assets of $21.1M (revenue +31.9% year-over-year).
- 2017: Revenue of $5.2M, expenses of $7.9M, and assets of $20.9M (revenue -8.3% year-over-year).
- 2016: Revenue of $5.6M, expenses of $7.2M, and assets of $22.7M (revenue +10.7% year-over-year).
- 2015: Revenue of $5.1M, expenses of $6.8M, and assets of $22.7M (revenue -0.6% year-over-year).
- 2014: Revenue of $5.1M, expenses of $6.4M, and assets of $23.5M (revenue -68.9% year-over-year).
- 2013: Revenue of $16.5M, expenses of $5.4M, and assets of $25.1M (revenue +95.4% year-over-year).
- 2012: Revenue of $8.4M, expenses of $4.7M, and assets of $14.0M (revenue +51.9% year-over-year).
- 2011: Revenue of $5.6M, expenses of $4.5M, and assets of $9.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Covenant House Alaska:
Data Sources and Methodology
This transparency report for Covenant House Alaska 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.