Restored Covenant Family Foundation
Restored Covenant Family Foundation maintains substantial assets despite volatile revenue and expenses exceeding income in recent years.
EIN: 200023571 · Independence, MO · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $288K |
| Total Expenses | $154K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $2.9M |
| Transparency Score | 65/100 |
Is Restored Covenant Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Restored Covenant Family Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Restored Covenant Family Foundation
Restored Covenant Family Foundation (EIN: 200023571) is a nonprofit organization based in Independence, MO, classified under NTEE code T22. The organization reported total revenue of $288K and total assets of $2.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Restored Covenant Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Restored Covenant Family Foundation is a small 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 -7.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $100K |
| Total Expenses | $154K |
| Surplus / Deficit | $-53,754 |
| Total Assets | $3.0M |
| Total Liabilities | $36K |
| Net Assets | $2.9M |
| Operating Margin | -53.9% |
| Debt-to-Asset Ratio | 1.2% |
| Months of Reserves | 230.6 months |
Financial Health Grade: B
In 2023, Restored Covenant Family Foundation reported a deficit of $54K with expenses exceeding revenue, holds 230.6 months of operating reserves (strong position), has a debt-to-asset ratio of 1.2% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Restored Covenant Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -7.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.6% | -16.8% | -1.3% |
| 2022 | -92.4% | -33.3% | -3.1% |
| 2021 | +649.3% | +50.7% | +43.3% |
| 2020 | -1.0% | -6.1% | -3.9% |
| 2019 | -21.7% | -26.1% | +11.8% |
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 Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Restored Covenant Family Foundation with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Restored Covenant Family Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $54K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.2%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization, which is highly unusual for an organization with nearly $3 million in assets and over $150,000 in annual expenses.
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 Restored Covenant Family Foundation's IRS 990 filings:
- Volatile revenue, with significant drops (e.g., from $1,180,278 in 2021 to $99,808 in 2023)
- Expenses frequently exceeding revenue in recent years (e.g., 2023, 2022, 2020, 2019, 2015, 2014, 2013, 2012, 2011)
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, making efficiency assessment difficult
- Consistent 0% officer compensation, which is unusual for an organization of this size and asset level and could indicate alternative compensation structures or a fully volunteer board.
Strengths
The following positive indicators were identified for Restored Covenant Family Foundation:
- Strong asset base ($2,950,742 in 2023) providing financial stability and a buffer against revenue fluctuations
- Low liabilities relative to assets ($36,281 in liabilities vs. $2,950,742 in assets in 2023)
- Consistent filing of IRS Form 990s, indicating regulatory compliance
- No reported officer compensation, suggesting a commitment to minimizing direct executive overhead.
Frequently Asked Questions about Restored Covenant Family Foundation
Is Restored Covenant Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Restored Covenant Family Foundation (EIN: 200023571) some concerns. Mission Score: 65/100. 4 red flags identified, 4 strengths noted.
How does Restored Covenant Family Foundation spend its money?
Restored Covenant Family Foundation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Restored Covenant Family Foundation tax-deductible?
Restored Covenant Family Foundation is registered as a tax-exempt nonprofit (EIN: 200023571). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Restored Covenant Family Foundation CEO make?
Restored Covenant Family Foundation's highest-compensated officer earns $3 annually. The organization reported $288K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Restored Covenant Family Foundation's spending goes to programs?
Restored Covenant Family Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Restored Covenant Family Foundation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Restored Covenant Family Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Restored Covenant Family Foundation located?
Restored Covenant Family Foundation is headquartered in Independence, Missouri and files with the IRS under EIN 200023571. It is classified under NTEE code T22.
How many years of IRS 990 filings does Restored Covenant Family Foundation have?
Restored Covenant Family Foundation 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 $288K in total revenue.
How does Restored Covenant Family Foundation cover its expenses when revenue is consistently lower, as seen in 2023 ($99,808 revenue vs. $153,562 expenses)?
The organization likely covers these deficits by drawing from its substantial asset base, which was $2,950,742 in 2023, or from accumulated surpluses from prior years, such as the large revenue spike in 2021.
What specific programs does the organization operate given its NTEE code T22 (Religious Activities)?
The provided data does not detail specific programs. Further investigation into their public mission statements or program descriptions would be necessary to understand their activities.
Why is officer compensation consistently reported as 0%?
A 0% officer compensation suggests that the organization's leadership is either entirely volunteer-based or compensated through other means not reported as officer compensation on the 990, which warrants further inquiry for full transparency.
Filing History
IRS 990 filing history for Restored Covenant Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Restored Covenant Family Foundation's revenue has declined by 58.2%, moving from $239K to $100K. Total assets increased by 31.1% over the same period, from $2.3M to $3.0M. Total functional expenses fell by 48.7%, from $299K to $154K. In its most recent filing year (2023), Restored Covenant Family Foundation reported a deficit of $54K, with expenses exceeding revenue. The organization holds $36K in liabilities against $3.0M in assets (debt-to-asset ratio: 1.2%), resulting in net assets of $2.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $100K | $154K | $3.0M | $36K | — | — |
| 2022 | $90K | $185K | $3.0M | $36K | — | View 990 |
| 2021 | $1.2M | $277K | $3.1M | $36K | — | View 990 |
| 2020 | $158K | $184K | $2.2M | $9K | — | — |
| 2019 | $159K | $195K | $2.2M | $15K | — | View 990 |
| 2015 | $203K | $264K | $2.0M | $467K | — | View 990 |
| 2014 | $216K | $220K | $2.1M | $498K | — | View 990 |
| 2013 | $276K | $284K | $2.1M | $491K | — | View 990 |
| 2012 | $252K | $280K | $2.2M | $409K | — | View 990 |
| 2011 | $239K | $299K | $2.3M | $419K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $100K, expenses of $154K, and assets of $3.0M (revenue +10.6% year-over-year).
- 2022: Revenue of $90K, expenses of $185K, and assets of $3.0M (revenue -92.4% year-over-year).
- 2021: Revenue of $1.2M, expenses of $277K, and assets of $3.1M (revenue +649.3% year-over-year).
- 2020: Revenue of $158K, expenses of $184K, and assets of $2.2M (revenue -1.0% year-over-year).
- 2019: Revenue of $159K, expenses of $195K, and assets of $2.2M (revenue -21.7% year-over-year).
- 2015: Revenue of $203K, expenses of $264K, and assets of $2.0M (revenue -5.8% year-over-year).
- 2014: Revenue of $216K, expenses of $220K, and assets of $2.1M (revenue -21.7% year-over-year).
- 2013: Revenue of $276K, expenses of $284K, and assets of $2.1M (revenue +9.3% year-over-year).
- 2012: Revenue of $252K, expenses of $280K, and assets of $2.2M (revenue +5.6% year-over-year).
- 2011: Revenue of $239K, expenses of $299K, and assets of $2.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Restored Covenant Family Foundation:
Data Sources and Methodology
This transparency report for Restored Covenant Family Foundation 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.