New Covenant Community Development
EIN: 800797774 · Chicago, IL · NTEE: S32
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $787K |
| Net Assets | $879K |
Is New Covenant Community Development Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About New Covenant Community Development
New Covenant Community Development (EIN: 800797774) is a nonprofit organization based in Chicago, IL, classified under NTEE code S32. The organization reported total revenue of $1.3M and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Covenant Community Development's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Covenant Community Development is a mid-size nonprofit that has been operating for 12 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 50.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $691K |
| Total Expenses | $787K |
| Surplus / Deficit | $-96,041 |
| Total Assets | $1.0M |
| Total Liabilities | $140K |
| Net Assets | $879K |
| Operating Margin | -13.9% |
| Debt-to-Asset Ratio | 13.8% |
| Months of Reserves | 15.5 months |
Financial Health Grade: B
In 2023, New Covenant Community Development reported a deficit of $96K with expenses exceeding revenue, holds 15.5 months of operating reserves (strong position), has a debt-to-asset ratio of 13.8% (very low leverage).
Financial Trends
Over 11 years of filings (2013–2023), New Covenant Community Development's revenue has grown at a compound annual growth rate (CAGR) of 50.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -35.1% | -0.7% | -79.2% |
| 2022 | -43.8% | -33.9% | +212.3% |
| 2021 | +57.5% | +158.8% | +79.2% |
| 2020 | +278.0% | +120.6% | +545.9% |
| 2019 | +115.6% | +27.4% | +59.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for New Covenant Community Development 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 New Covenant Community Development 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 deficit of $96K, with expenses exceeding revenue.
- Debt-to-asset ratio: 13.8%.
Frequently Asked Questions about New Covenant Community Development
Is New Covenant Community Development a legitimate charity?
New Covenant Community Development (EIN: 800797774) is a registered tax-exempt nonprofit based in Illinois. It has 11 years of IRS 990 filings on record. Total revenue: $1.3M. No red flags identified. Financial health grade: B.
How does New Covenant Community Development spend its money?
New Covenant Community Development reported $1.3M in total revenue in IRS 990 filings. 11 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to New Covenant Community Development tax-deductible?
New Covenant Community Development is registered as a tax-exempt nonprofit (EIN: 800797774). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is New Covenant Community Development located?
New Covenant Community Development is headquartered in Chicago, Illinois and files with the IRS under EIN 800797774. It is classified under NTEE code S32.
How many years of IRS 990 filings does New Covenant Community Development have?
New Covenant Community Development has 11 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 $1.3M in total revenue.
Filing History
IRS 990 filing history for New Covenant Community Development showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), New Covenant Community Development's revenue has grown by 6014.6%, moving from $11K to $691K. Total assets increased by 110.1% over the same period, from $485K to $1.0M. Total functional expenses rose by 759.8%, from $92K to $787K. In its most recent filing year (2023), New Covenant Community Development reported a deficit of $96K, with expenses exceeding revenue. The organization holds $140K in liabilities against $1.0M in assets (debt-to-asset ratio: 13.8%), resulting in net assets of $879K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $691K | $787K | $1.0M | $140K | — | — |
| 2022 | $1.1M | $793K | $4.9M | $2.9M | — | View 990 |
| 2021 | $1.9M | $1.2M | $1.6M | $4K | — | View 990 |
| 2020 | $1.2M | $464K | $877K | $3K | — | — |
| 2019 | $318K | $210K | $136K | $0 | — | View 990 |
| 2018 | $147K | $165K | $85K | $8K | — | View 990 |
| 2017 | $124K | $156K | $108K | $0 | — | View 990 |
| 2016 | $122K | $212K | $214K | $12K | — | View 990 |
| 2015 | $94K | $194K | $304K | $12K | — | View 990 |
| 2014 | $72K | $162K | $402K | $11K | — | View 990 |
| 2013 | $11K | $92K | $485K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $691K, expenses of $787K, and assets of $1.0M (revenue -35.1% year-over-year).
- 2022: Revenue of $1.1M, expenses of $793K, and assets of $4.9M (revenue -43.8% year-over-year).
- 2021: Revenue of $1.9M, expenses of $1.2M, and assets of $1.6M (revenue +57.5% year-over-year).
- 2020: Revenue of $1.2M, expenses of $464K, and assets of $877K (revenue +278.0% year-over-year).
- 2019: Revenue of $318K, expenses of $210K, and assets of $136K (revenue +115.6% year-over-year).
- 2018: Revenue of $147K, expenses of $165K, and assets of $85K (revenue +18.6% year-over-year).
- 2017: Revenue of $124K, expenses of $156K, and assets of $108K (revenue +1.5% year-over-year).
- 2016: Revenue of $122K, expenses of $212K, and assets of $214K (revenue +30.5% year-over-year).
- 2015: Revenue of $94K, expenses of $194K, and assets of $304K (revenue +30.8% year-over-year).
- 2014: Revenue of $72K, expenses of $162K, and assets of $402K (revenue +534.8% year-over-year).
- 2013: Revenue of $11K, expenses of $92K, and assets of $485K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Covenant Community Development:
Data Sources and Methodology
This transparency report for New Covenant Community Development 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.