Covenant House New Jersey Inc
Covenant House New Jersey Inc shows stable revenue and assets, with recent minor deficit and no reported officer compensation.
EIN: 133537710 · Newark, NJ · NTEE: P30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $16.4M |
| Total Expenses | $15.3M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $16M |
| Net Assets | $16.7M |
| Transparency Score | 85/100 |
Is Covenant House New Jersey 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 New Jersey Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Covenant House New Jersey Inc
Covenant House New Jersey Inc (EIN: 133537710) is a nonprofit organization based in Newark, NJ, classified under NTEE code P30. The organization reported total revenue of $16.4M and total assets of $21.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Covenant House New Jersey Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Covenant House New Jersey Inc is a large nonprofit that has been operating for 37 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $14.6M |
| Total Expenses | $15.3M |
| Surplus / Deficit | $-764,586 |
| Total Assets | $21.7M |
| Total Liabilities | $4.9M |
| Net Assets | $16.7M |
| Operating Margin | -5.2% |
| Debt-to-Asset Ratio | 22.8% |
| Months of Reserves | 17.0 months |
Financial Health Grade: B
In 2023, Covenant House New Jersey Inc reported a deficit of $765K with expenses exceeding revenue, holds 17.0 months of operating reserves (strong position), has a debt-to-asset ratio of 22.8% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Covenant House New Jersey Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.1% | +10.4% | -3.7% |
| 2022 | +20.2% | +7.8% | +0.9% |
| 2021 | +9.2% | +6.1% | +1.6% |
| 2020 | +5.8% | -3.0% | +4.6% |
| 2019 | -15.4% | +7.2% | -1.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1989 |
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 New Jersey 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: 80%
- fundraising: 5%
According to IRS 990 filings, Covenant House New Jersey Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $765K, with expenses exceeding revenue.
- Debt-to-asset ratio: 22.8%.
Executive Compensation Analysis
The consistent reporting of 0% officer compensation across all available filings is unusual for an organization of this size ($16M+ revenue, $21M+ assets) and suggests that executive compensation may be paid by a parent organization or not reported in this specific section of the 990, requiring further scrutiny for a full understanding.
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 New Jersey Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which may obscure actual executive pay.
- Slight deficit in the most recent fiscal year (202306), with expenses exceeding revenue by $764,586.
Strengths
The following positive indicators were identified for Covenant House New Jersey Inc:
- Strong and growing asset base, consistently above $20 million in recent years.
- Generally stable and increasing revenue over the past decade.
- Healthy ratio of assets to liabilities, indicating strong financial health.
- Consistent filing history, demonstrating transparency in reporting.
Frequently Asked Questions about Covenant House New Jersey Inc
Is Covenant House New Jersey Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Covenant House New Jersey Inc (EIN: 133537710) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Covenant House New Jersey Inc spend its money?
Covenant House New Jersey Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Covenant House New Jersey Inc tax-deductible?
Covenant House New Jersey Inc is registered as a tax-exempt nonprofit (EIN: 133537710). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Covenant House New Jersey Inc CEO make?
Covenant House New Jersey Inc's highest-compensated officer earns $16M annually. The organization reported $16.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Covenant House New Jersey Inc's spending goes to programs?
Covenant House New Jersey Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Covenant House New Jersey Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Covenant House New Jersey Inc is above average for NTEE category P30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Covenant House New Jersey Inc located?
Covenant House New Jersey Inc is headquartered in Newark, New Jersey and files with the IRS under EIN 133537710. It is classified under NTEE code P30.
How many years of IRS 990 filings does Covenant House New Jersey Inc have?
Covenant House New Jersey Inc has 13 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 $16.4M in total revenue.
Is Covenant House New Jersey Inc financially stable?
Yes, the organization appears financially stable, maintaining over $20 million in assets and consistent revenue streams, despite a minor deficit in the most recent fiscal year (202306).
What is the trend in their revenue and expenses?
Revenue has generally increased over the past decade, from $9.18 million in 201506 to $14.56 million in 202306, with expenses largely tracking revenue, leading to periods of both surplus and minor deficits.
How does their asset base compare to their liabilities?
The organization's assets ($21.68 million in 202306) significantly outweigh its liabilities ($4.93 million in 202306), indicating a strong balance sheet.
Why is officer compensation reported as 0%?
The consistent 0% officer compensation reported across all filings is unusual and suggests that executive salaries might be paid by a related entity (e.g., Covenant House International) or are not disclosed in this specific section of the 990, which could impact transparency.
Filing History
IRS 990 filing history for Covenant House New Jersey Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Covenant House New Jersey Inc's revenue has grown by 61.2%, moving from $9.0M to $14.6M. Total assets increased by 16.8% over the same period, from $18.6M to $21.7M. Total functional expenses rose by 73.6%, from $8.8M to $15.3M. In its most recent filing year (2023), Covenant House New Jersey Inc reported a deficit of $765K, with expenses exceeding revenue. The organization holds $4.9M in liabilities against $21.7M in assets (debt-to-asset ratio: 22.8%), resulting in net assets of $16.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $14.6M | $15.3M | $21.7M | $4.9M | — | — |
| 2022 | $16.0M | $13.9M | $22.5M | $5.2M | — | View 990 |
| 2021 | $13.3M | $12.9M | $22.3M | $6.4M | — | — |
| 2020 | $12.2M | $12.1M | $22.0M | $6.4M | — | View 990 |
| 2019 | $11.5M | $12.5M | $21.0M | $5.6M | — | View 990 |
| 2018 | $13.6M | $11.7M | $21.3M | $5.0M | — | View 990 |
| 2017 | $12.5M | $10.7M | $19.3M | $4.9M | — | View 990 |
| 2016 | $10.4M | $10.5M | $17.7M | $5.0M | — | View 990 |
| 2015 | $9.2M | $10.6M | $17.9M | $5.1M | — | View 990 |
| 2014 | $9.6M | $10.2M | $19.4M | $5.1M | — | View 990 |
| 2013 | $9.8M | $9.5M | $20.0M | $5.2M | — | View 990 |
| 2012 | $9.3M | $9.5M | $19.2M | $4.6M | — | View 990 |
| 2011 | $9.0M | $8.8M | $18.6M | $3.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $14.6M, expenses of $15.3M, and assets of $21.7M (revenue -9.1% year-over-year).
- 2022: Revenue of $16.0M, expenses of $13.9M, and assets of $22.5M (revenue +20.2% year-over-year).
- 2021: Revenue of $13.3M, expenses of $12.9M, and assets of $22.3M (revenue +9.2% year-over-year).
- 2020: Revenue of $12.2M, expenses of $12.1M, and assets of $22.0M (revenue +5.8% year-over-year).
- 2019: Revenue of $11.5M, expenses of $12.5M, and assets of $21.0M (revenue -15.4% year-over-year).
- 2018: Revenue of $13.6M, expenses of $11.7M, and assets of $21.3M (revenue +9.5% year-over-year).
- 2017: Revenue of $12.5M, expenses of $10.7M, and assets of $19.3M (revenue +19.8% year-over-year).
- 2016: Revenue of $10.4M, expenses of $10.5M, and assets of $17.7M (revenue +13.2% year-over-year).
- 2015: Revenue of $9.2M, expenses of $10.6M, and assets of $17.9M (revenue -4.5% year-over-year).
- 2014: Revenue of $9.6M, expenses of $10.2M, and assets of $19.4M (revenue -1.7% year-over-year).
- 2013: Revenue of $9.8M, expenses of $9.5M, and assets of $20.0M (revenue +5.6% year-over-year).
- 2012: Revenue of $9.3M, expenses of $9.5M, and assets of $19.2M (revenue +2.6% year-over-year).
- 2011: Revenue of $9.0M, expenses of $8.8M, and assets of $18.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Covenant House New Jersey Inc:
Data Sources and Methodology
This transparency report for Covenant House New Jersey 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.