Covenant Of Shalom Inc
EIN: 481251558 · Topeka, KS · NTEE: L21
| Metric | Value |
|---|---|
| Total Revenue | $69K |
| Total Expenses | $93K |
| Net Assets | $58K |
Is Covenant Of Shalom Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Covenant Of Shalom Inc
Covenant Of Shalom Inc (EIN: 481251558) is a nonprofit organization based in Topeka, KS, classified under NTEE code L21. The organization reported total revenue of $69K and total assets of $194K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Covenant Of Shalom Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Covenant Of Shalom Inc is a micro nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 164.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $116K |
| Total Expenses | $93K |
| Surplus / Deficit | +$22K |
| Total Assets | $256K |
| Total Liabilities | $198K |
| Net Assets | $58K |
| Operating Margin | 19.4% |
| Debt-to-Asset Ratio | 77.3% |
| Months of Reserves | 32.8 months |
Financial Health Grade: A
In 2023, Covenant Of Shalom Inc reported a surplus of $22K with revenue exceeding expenses, holds 32.8 months of operating reserves (strong position), has a debt-to-asset ratio of 77.3% (high leverage).
Financial Trends
Over 10 years of filings (2011–2023), Covenant Of Shalom Inc's revenue has grown at a compound annual growth rate (CAGR) of 164.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +50.5% | +9.5% | -3.3% |
| 2022 | +11.6% | +27.6% | -5.7% |
| 2021 | +16.5% | -25.5% | -8.5% |
| 2020 | -27.6% | +7.6% | -5.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Covenant Of Shalom Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Covenant Of Shalom Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $22K, with revenue exceeding expenses.
- Debt-to-asset ratio: 77.3%.
Frequently Asked Questions about Covenant Of Shalom Inc
Is Covenant Of Shalom Inc a legitimate charity?
Covenant Of Shalom Inc (EIN: 481251558) is a registered tax-exempt nonprofit based in Kansas. It has 10 years of IRS 990 filings on record. Total revenue: $69K. No red flags identified. Financial health grade: A.
How does Covenant Of Shalom Inc spend its money?
Covenant Of Shalom Inc reported $69K in total revenue in IRS 990 filings. 10 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Covenant Of Shalom Inc tax-deductible?
Covenant Of Shalom Inc is registered as a tax-exempt nonprofit (EIN: 481251558). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Covenant Of Shalom Inc located?
Covenant Of Shalom Inc is headquartered in Topeka, Kansas and files with the IRS under EIN 481251558. It is classified under NTEE code L21.
How many years of IRS 990 filings does Covenant Of Shalom Inc have?
Covenant Of Shalom Inc has 10 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 $69K in total revenue.
Filing History
IRS 990 filing history for Covenant Of Shalom Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Covenant Of Shalom Inc's revenue has grown by 11592100%, moving from $1 to $116K. Total assets increased by 76445.5% over the same period, from $334 to $256K. In its most recent filing year (2023), Covenant Of Shalom Inc reported a surplus of $22K, with revenue exceeding expenses. The organization holds $198K in liabilities against $256K in assets (debt-to-asset ratio: 77.3%), resulting in net assets of $58K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $116K | $93K | $256K | $198K | — | View 990 |
| 2022 | $77K | $85K | $264K | $229K | — | View 990 |
| 2021 | $69K | $67K | $281K | $237K | — | — |
| 2020 | $59K | $90K | $306K | $265K | — | — |
| 2019 | $82K | $83K | $325K | $253K | — | — |
| 2015 | $0 | $0 | $101 | $0 | — | View 990 |
| 2014 | $1 | $0 | $141 | $0 | — | View 990 |
| 2013 | $1 | $0 | $181 | $0 | — | — |
| 2012 | $1 | $0 | $224 | $0 | — | View 990 |
| 2011 | $1 | $0 | $334 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $116K, expenses of $93K, and assets of $256K (revenue +50.5% year-over-year).
- 2022: Revenue of $77K, expenses of $85K, and assets of $264K (revenue +11.6% year-over-year).
- 2021: Revenue of $69K, expenses of $67K, and assets of $281K (revenue +16.5% year-over-year).
- 2020: Revenue of $59K, expenses of $90K, and assets of $306K (revenue -27.6% year-over-year).
- 2019: Revenue of $82K, expenses of $83K, and assets of $325K.
- 2015: Revenue of $0, expenses of $0, and assets of $101 (revenue -100.0% year-over-year).
- 2014: Revenue of $1, expenses of $0, and assets of $141 (revenue +0.0% year-over-year).
- 2013: Revenue of $1, expenses of $0, and assets of $181 (revenue +0.0% year-over-year).
- 2012: Revenue of $1, expenses of $0, and assets of $224 (revenue +0.0% year-over-year).
- 2011: Revenue of $1, expenses of $0, and assets of $334.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Covenant Of Shalom Inc:
Data Sources and Methodology
This transparency report for Covenant Of Shalom 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.