Covenant House California
Covenant House California shows strong revenue and asset growth with consistent 0% reported officer compensation.
EIN: 133391210 · Los Angeles, CA · NTEE: P300 · Updated: 2026-03-28
Is Covenant House California Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Covenant House California directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Covenant House California
Covenant House California (EIN: 133391210) is a nonprofit organization based in Los Angeles, CA, classified under NTEE code P300. The organization reported total revenue of $38.7M and total assets of $42.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Covenant House California's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Covenant House California is a large nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $22.3M |
| Total Expenses | $22.4M |
| Surplus / Deficit | $-98,615 |
| Total Assets | $28.4M |
| Total Liabilities | $7.8M |
| Net Assets | $20.6M |
| Operating Margin | -0.4% |
| Debt-to-Asset Ratio | 27.3% |
| Months of Reserves | 15.2 months |
Financial Health Grade: B
In 2023, Covenant House California reported a deficit of $99K with expenses exceeding revenue, holds 15.2 months of operating reserves (strong position), has a debt-to-asset ratio of 27.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Covenant House California's revenue has grown at a compound annual growth rate (CAGR) of 8.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.1% | +10.5% | +9.4% |
| 2022 | -11.9% | +2.9% | -5.6% |
| 2021 | +12.8% | +7.1% | +19.2% |
| 2020 | +10.2% | +15.5% | +14.9% |
| 2019 | +22.9% | +16.0% | +16.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 California 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 California 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 $99K, with expenses exceeding revenue.
- Debt-to-asset ratio: 27.3%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation, which is highly unusual and suggests that executive compensation is either very low, covered by a related entity, or not reported in the standard officer compensation field. This indicates a strong commitment to directing funds towards programs rather than executive salaries, or a unique compensation structure.
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 California's IRS 990 filings:
- Consistent 0% officer compensation reported, which may indicate a reporting anomaly or a complex compensation structure not fully transparent in this field.
Strengths
The following positive indicators were identified for Covenant House California:
- Strong and consistent revenue growth over the past decade, from $7.3M in 2014 to $22.3M in 2023.
- Significant asset growth, nearly doubling from $15.5M in 2014 to $28.3M in 2023, indicating financial stability and capacity.
- Expenses generally track revenue closely, suggesting efficient financial management.
- Consistent reporting of 0% officer compensation, implying a high proportion of funds directed towards programmatic activities.
Frequently Asked Questions about Covenant House California
Is Covenant House California a legitimate charity?
Based on AI analysis of IRS 990 filings, Covenant House California (EIN: 133391210) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Covenant House California spend its money?
Covenant House California directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Covenant House California tax-deductible?
Covenant House California is registered as a tax-exempt nonprofit (EIN: 133391210). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Covenant House California a good charity?
Based on its financial data, Covenant House California appears to be a well-managed charity. It demonstrates strong revenue growth, increasing assets, and a consistent trend of expenses closely aligning with revenue. The reported 0% officer compensation is a significant positive indicator of resource allocation towards its mission.
How has Covenant House California's financial health changed over time?
Covenant House California has experienced substantial financial growth over the past decade. Its revenue has more than tripled from $7.3 million in 2014 to $22.3 million in 2023, and assets have nearly doubled from $15.5 million to $28.3 million in the same period, indicating robust expansion and financial stability.
What is the organization's approach to executive compensation?
The organization consistently reports 0% officer compensation in its IRS 990 filings. This suggests a highly conservative approach to executive pay, or that compensation is structured in a way that it is not reported under 'officer compensation' on the 990 form, potentially through a related entity or as part of general salaries.
Filing History
IRS 990 filing history for Covenant House California showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Covenant House California's revenue has grown by 161.3%, moving from $8.5M to $22.3M. Total assets increased by 67.7% over the same period, from $16.9M to $28.4M. Total functional expenses rose by 156.6%, from $8.7M to $22.4M. In its most recent filing year (2023), Covenant House California reported a deficit of $99K, with expenses exceeding revenue. The organization holds $7.8M in liabilities against $28.4M in assets (debt-to-asset ratio: 27.3%), resulting in net assets of $20.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $22.3M | $22.4M | $28.4M | $7.8M | — | — |
| 2022 | $20.3M | $20.3M | $26.0M | $5.4M | — | View 990 |
| 2021 | $23.0M | $19.7M | $27.5M | $6.1M | — | View 990 |
| 2020 | $20.4M | $18.4M | $23.1M | $6.3M | — | View 990 |
| 2019 | $18.5M | $16.0M | $20.1M | $5.3M | — | View 990 |
| 2018 | $15.1M | $13.7M | $17.2M | $5.0M | — | View 990 |
| 2017 | $10.4M | $10.0M | $14.4M | $3.4M | — | View 990 |
| 2016 | $8.4M | $8.8M | $13.8M | $3.2M | — | View 990 |
| 2015 | $6.9M | $8.6M | $14.4M | $3.3M | — | View 990 |
| 2014 | $7.3M | $8.4M | $15.5M | $2.7M | — | View 990 |
| 2013 | $9.3M | $8.6M | $16.5M | $2.6M | — | View 990 |
| 2012 | $8.0M | $8.4M | $16.5M | $3.3M | — | View 990 |
| 2011 | $8.5M | $8.7M | $16.9M | $3.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $22.3M, expenses of $22.4M, and assets of $28.4M (revenue +10.1% year-over-year).
- 2022: Revenue of $20.3M, expenses of $20.3M, and assets of $26.0M (revenue -11.9% year-over-year).
- 2021: Revenue of $23.0M, expenses of $19.7M, and assets of $27.5M (revenue +12.8% year-over-year).
- 2020: Revenue of $20.4M, expenses of $18.4M, and assets of $23.1M (revenue +10.2% year-over-year).
- 2019: Revenue of $18.5M, expenses of $16.0M, and assets of $20.1M (revenue +22.9% year-over-year).
- 2018: Revenue of $15.1M, expenses of $13.7M, and assets of $17.2M (revenue +45.2% year-over-year).
- 2017: Revenue of $10.4M, expenses of $10.0M, and assets of $14.4M (revenue +23.7% year-over-year).
- 2016: Revenue of $8.4M, expenses of $8.8M, and assets of $13.8M (revenue +21.7% year-over-year).
- 2015: Revenue of $6.9M, expenses of $8.6M, and assets of $14.4M (revenue -6.1% year-over-year).
- 2014: Revenue of $7.3M, expenses of $8.4M, and assets of $15.5M (revenue -21.3% year-over-year).
- 2013: Revenue of $9.3M, expenses of $8.6M, and assets of $16.5M (revenue +17.3% year-over-year).
- 2012: Revenue of $8.0M, expenses of $8.4M, and assets of $16.5M (revenue -6.9% year-over-year).
- 2011: Revenue of $8.5M, expenses of $8.7M, and assets of $16.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Covenant House California:
Data Sources and Methodology
This transparency report for Covenant House California 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.