Covenant To Care Inc
EIN: 61241044 · Hartford, CT · NTEE: P300
| Metric | Value |
|---|---|
| Total Revenue | $797K |
| Total Expenses | $779K |
| Net Assets | $224K |
Is Covenant To Care 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 To Care Inc
Covenant To Care Inc (EIN: 61241044) is a nonprofit organization based in Hartford, CT, classified under NTEE code P300. The organization reported total revenue of $797K and total assets of $386K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Covenant To Care Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Covenant To Care Inc is a small nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $848K |
| Total Expenses | $779K |
| Surplus / Deficit | +$69K |
| Total Assets | $276K |
| Total Liabilities | $52K |
| Net Assets | $224K |
| Operating Margin | 8.2% |
| Debt-to-Asset Ratio | 18.7% |
| Months of Reserves | 4.3 months |
Financial Health Grade: A
In 2023, Covenant To Care Inc reported a surplus of $69K with revenue exceeding expenses, holds 4.3 months of operating reserves (adequate), has a debt-to-asset ratio of 18.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Covenant To Care Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.8% | +10.4% | +49.5% |
| 2022 | +1.4% | -2.2% | +27.1% |
| 2021 | -3.7% | -5.6% | +10.0% |
| 2020 | +4.3% | +4.3% | -7.9% |
| 2019 | -4.6% | -2.1% | -27.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Covenant To Care 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 To Care 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 $69K, with revenue exceeding expenses.
- Debt-to-asset ratio: 18.7%.
Frequently Asked Questions about Covenant To Care Inc
Is Covenant To Care Inc a legitimate charity?
Covenant To Care Inc (EIN: 61241044) is a registered tax-exempt nonprofit based in Connecticut. It has 13 years of IRS 990 filings on record. Total revenue: $797K. No red flags identified. Financial health grade: A.
How does Covenant To Care Inc spend its money?
Covenant To Care Inc reported $797K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Covenant To Care Inc tax-deductible?
Covenant To Care Inc is registered as a tax-exempt nonprofit (EIN: 61241044). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Covenant To Care Inc located?
Covenant To Care Inc is headquartered in Hartford, Connecticut and files with the IRS under EIN 61241044. It is classified under NTEE code P300.
How many years of IRS 990 filings does Covenant To Care Inc have?
Covenant To Care 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 $797K in total revenue.
Filing History
IRS 990 filing history for Covenant To Care Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Covenant To Care Inc's revenue has declined by 22.7%, moving from $1.1M to $848K. Total assets decreased by 0.6% over the same period, from $278K to $276K. Total functional expenses fell by 27.6%, from $1.1M to $779K. In its most recent filing year (2023), Covenant To Care Inc reported a surplus of $69K, with revenue exceeding expenses. The organization holds $52K in liabilities against $276K in assets (debt-to-asset ratio: 18.7%), resulting in net assets of $224K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $848K | $779K | $276K | $52K | — | View 990 |
| 2022 | $739K | $705K | $185K | $30K | — | View 990 |
| 2021 | $728K | $721K | $145K | $24K | — | View 990 |
| 2020 | $756K | $764K | $132K | $18K | — | View 990 |
| 2019 | $725K | $732K | $144K | $22K | — | View 990 |
| 2018 | $760K | $748K | $199K | $70K | — | View 990 |
| 2017 | $741K | $758K | $192K | $76K | — | View 990 |
| 2016 | $711K | $712K | $209K | $75K | — | View 990 |
| 2015 | $948K | $908K | $221K | $86K | — | View 990 |
| 2014 | $994K | $1.1M | $179K | $84K | — | View 990 |
| 2013 | $1.0M | $1.1M | $265K | $88K | — | View 990 |
| 2012 | $880K | $918K | $237K | $20K | — | View 990 |
| 2011 | $1.1M | $1.1M | $278K | $23K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $848K, expenses of $779K, and assets of $276K (revenue +14.8% year-over-year).
- 2022: Revenue of $739K, expenses of $705K, and assets of $185K (revenue +1.4% year-over-year).
- 2021: Revenue of $728K, expenses of $721K, and assets of $145K (revenue -3.7% year-over-year).
- 2020: Revenue of $756K, expenses of $764K, and assets of $132K (revenue +4.3% year-over-year).
- 2019: Revenue of $725K, expenses of $732K, and assets of $144K (revenue -4.6% year-over-year).
- 2018: Revenue of $760K, expenses of $748K, and assets of $199K (revenue +2.6% year-over-year).
- 2017: Revenue of $741K, expenses of $758K, and assets of $192K (revenue +4.2% year-over-year).
- 2016: Revenue of $711K, expenses of $712K, and assets of $209K (revenue -25.0% year-over-year).
- 2015: Revenue of $948K, expenses of $908K, and assets of $221K (revenue -4.7% year-over-year).
- 2014: Revenue of $994K, expenses of $1.1M, and assets of $179K (revenue -3.1% year-over-year).
- 2013: Revenue of $1.0M, expenses of $1.1M, and assets of $265K (revenue +16.7% year-over-year).
- 2012: Revenue of $880K, expenses of $918K, and assets of $237K (revenue -19.8% year-over-year).
- 2011: Revenue of $1.1M, expenses of $1.1M, and assets of $278K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Covenant To Care Inc:
Data Sources and Methodology
This transparency report for Covenant To Care 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.