Covenant House Georgia Inc
Covenant House Georgia Inc. experiences recent operational deficit despite strong asset growth and zero officer compensation.
EIN: 133523561 · Atlanta, GA · Updated: 2026-03-28
Is Covenant House Georgia Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Covenant House Georgia Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Covenant House Georgia Inc
Covenant House Georgia Inc (EIN: 133523561) is a nonprofit organization based in Atlanta, GA. The organization reported total revenue of $6.9M and total assets of $19.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Covenant House Georgia Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Covenant House Georgia Inc is a mid-size nonprofit that has been operating for 26 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.0M |
| Total Expenses | $7.8M |
| Surplus / Deficit | $-1,782,043 |
| Total Assets | $20.5M |
| Total Liabilities | $7.9M |
| Net Assets | $12.6M |
| Operating Margin | -29.6% |
| Debt-to-Asset Ratio | 38.7% |
| Months of Reserves | 31.5 months |
Financial Health Grade: B
In 2023, Covenant House Georgia Inc reported a deficit of $1.8M with expenses exceeding revenue, holds 31.5 months of operating reserves (strong position), has a debt-to-asset ratio of 38.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Covenant House Georgia Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.9% | +27.1% | -10.8% |
| 2022 | +5.9% | +25.1% | +0.8% |
| 2021 | -48.3% | +0.0% | +70.5% |
| 2020 | +122.2% | +4.4% | +152.3% |
| 2019 | +16.7% | +12.1% | +17.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
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 Georgia Inc 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Covenant House Georgia Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $1.8M, with expenses exceeding revenue.
- Debt-to-asset ratio: 38.7%.
Executive Compensation Analysis
Covenant House Georgia Inc. reports 0% officer compensation across all available filings, indicating a strong commitment to directing funds towards its mission and excellent transparency regarding executive pay.
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 Georgia Inc's IRS 990 filings:
- Expenses exceeded revenue in the most recent fiscal period (202306) by over $1.7 million, indicating an operational deficit.
Strengths
The following positive indicators were identified for Covenant House Georgia Inc:
- Consistent reporting of 0% officer compensation, indicating high transparency and efficient use of funds.
- Significant growth in assets over the past decade, from $4.2 million in 201506 to over $20 million in 202306.
- Strong revenue generation, with an average of over $5 million annually in recent years (excluding the 202006 spike).
Frequently Asked Questions about Covenant House Georgia Inc
Is Covenant House Georgia Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Covenant House Georgia Inc (EIN: 133523561) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does Covenant House Georgia Inc spend its money?
Covenant House Georgia Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Covenant House Georgia Inc tax-deductible?
Covenant House Georgia Inc is registered as a tax-exempt nonprofit (EIN: 133523561). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Covenant House Georgia Inc. financially stable?
While the organization has a strong asset base of over $20 million, the most recent fiscal period (202306) shows expenses ($7,797,672) exceeding revenue ($6,015,629), indicating an operational deficit. This warrants monitoring, but the substantial assets provide a buffer.
How has Covenant House Georgia Inc.'s revenue trended?
Revenue has generally increased over the past decade, with a significant spike to over $12 million in 202006. More recently, revenue was $6,015,629 in 202306, a slight decrease from $6,679,359 in 202206.
What is the organization's stance on executive compensation?
Covenant House Georgia Inc. consistently reports 0% officer compensation in all available IRS 990 filings, demonstrating a strong commitment to transparency and efficient use of funds.
Filing History
IRS 990 filing history for Covenant House Georgia Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Covenant House Georgia Inc's revenue has grown by 245.5%, moving from $1.7M to $6.0M. Total assets increased by 1424% over the same period, from $1.3M to $20.5M. Total functional expenses rose by 371.2%, from $1.7M to $7.8M. In its most recent filing year (2023), Covenant House Georgia Inc reported a deficit of $1.8M, with expenses exceeding revenue. The organization holds $7.9M in liabilities against $20.5M in assets (debt-to-asset ratio: 38.7%), resulting in net assets of $12.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.0M | $7.8M | $20.5M | $7.9M | — | — |
| 2022 | $6.7M | $6.1M | $22.9M | $8.6M | — | View 990 |
| 2021 | $6.3M | $4.9M | $22.8M | $9.0M | — | View 990 |
| 2020 | $12.2M | $4.9M | $13.3M | $1.0M | — | View 990 |
| 2019 | $5.5M | $4.7M | $5.3M | $232K | — | View 990 |
| 2018 | $4.7M | $4.2M | $4.5M | $237K | — | View 990 |
| 2017 | $4.1M | $3.8M | $4.3M | $484K | — | — |
| 2016 | $3.5M | $3.5M | $3.9M | $411K | — | View 990 |
| 2015 | $3.4M | $3.3M | $4.2M | $628K | — | View 990 |
| 2014 | $4.0M | $3.1M | $4.8M | $1.3M | — | View 990 |
| 2013 | $4.3M | $2.5M | $5.0M | $2.4M | — | View 990 |
| 2012 | $2.2M | $1.8M | $1.7M | $333K | — | View 990 |
| 2011 | $1.7M | $1.7M | $1.3M | $336K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.0M, expenses of $7.8M, and assets of $20.5M (revenue -9.9% year-over-year).
- 2022: Revenue of $6.7M, expenses of $6.1M, and assets of $22.9M (revenue +5.9% year-over-year).
- 2021: Revenue of $6.3M, expenses of $4.9M, and assets of $22.8M (revenue -48.3% year-over-year).
- 2020: Revenue of $12.2M, expenses of $4.9M, and assets of $13.3M (revenue +122.2% year-over-year).
- 2019: Revenue of $5.5M, expenses of $4.7M, and assets of $5.3M (revenue +16.7% year-over-year).
- 2018: Revenue of $4.7M, expenses of $4.2M, and assets of $4.5M (revenue +13.4% year-over-year).
- 2017: Revenue of $4.1M, expenses of $3.8M, and assets of $4.3M (revenue +19.6% year-over-year).
- 2016: Revenue of $3.5M, expenses of $3.5M, and assets of $3.9M (revenue +1.5% year-over-year).
- 2015: Revenue of $3.4M, expenses of $3.3M, and assets of $4.2M (revenue -14.9% year-over-year).
- 2014: Revenue of $4.0M, expenses of $3.1M, and assets of $4.8M (revenue -6.5% year-over-year).
- 2013: Revenue of $4.3M, expenses of $2.5M, and assets of $5.0M (revenue +97.4% year-over-year).
- 2012: Revenue of $2.2M, expenses of $1.8M, and assets of $1.7M (revenue +24.6% year-over-year).
- 2011: Revenue of $1.7M, expenses of $1.7M, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Covenant House Georgia Inc:
Data Sources and Methodology
This transparency report for Covenant House Georgia Inc 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.