Covenant House

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 8/30/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

Covenant House is the largest privately-funded childcare agency in the United States providing shelter and service to homeless and runaway youth. It was incorporated in New York City in 1972 and has since expanded in the United States to Anchorage, Atlanta, Atlantic City, Detroit, Fort Lauderdale, Houston, Los Angeles, Newark, New Orleans, Oakland, Orlando, Philadelphia, St. Louis, Washington, D. C., and, outside the United States, to Toronto, Vancouver, Guatemala, Honduras, Mexico and Nicaragua.

Coming off the streets, the young people we serve are usually disconnected from their families and other social support - kids who have endured traumatic and adverse childhood experiences. In addition to living on the streets, many have survived abusive homes, spent time in juvenile justice facilities, aged out of foster care or have been victims of human trafficking and exploitation.


Contact information

Mailing address:
Covenant House
461 Eighth Ave
New York, NY 10001

Website: www.covenanthouse.org

Phone: (800) 388-3888

Email: info@CovenantHouse.org


Organization details

EIN: 132725416

CEO/President: Kevin Ryan

Chairman: Tom McGee

Board size: 36

Founder:

Year founded: 1973

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: No

Member of ECFA since:


Purpose

Our comprehensive program model builds a life-affirming bridge for young people by engaging youth on the street (Street Outreach) providing no-barrier, safe, short-term housing to meet their immediate needs (Immediate Care), and longer-term transitional housing (Rights of Passage) to assist those who are ready for more independent living.

We are aggressively stretching to reach more youth each year in our residential programs as well as through outreach, prevention, and education.

Our plan outlines a series of innovative strategies to make us a data-driven, learning organization that employs high-quality, evidence-based practices to effectively achieve - and constantly strengthen - results for and with the youth we serve. The plan commits us to enhance our quality of care, ensuring that safe, mission-focused, and purpose-driven services and facilities are offered to all youth who come through our doors. We are in the midst of a capital campaign, Our Great Promise, to help us achieve these goals.


Mission statement

"We who recognize God's providence and fidelity to His people are dedicated to living out His covenant among ourselves and those children we serve, with absolute respect and unconditional love. That commitment calls us to serve suffering children of the street, and to protect and safeguard all children. Just as Christ in His humanity is the visible sign of God's presence among His people, so our efforts together in the covenant community are a visible sign that effects the presence of God, working through the Holy Spirit among ourselves and our kids."


Statement of faith

Articles

11/25/2019Chick-Fil-A & Covenant House

Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Relief and Development

CategoryRatingOverall rankSector rank
Overall efficiency rating888 of 94067 of 75
Fund acquisition rating702 of 94258 of 75
Resource allocation rating763 of 94262 of 75
Asset utilization rating866 of 94066 of 75

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%10%12%13%13%15%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%10%11%12%12%14%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
99%95%92%92%91%94%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%12%12%13%12%13%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
1%5%8%8%9%6%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
85%77%78%78%77%76%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%84%92%92%96%105%
Program output ratio Program output ratio =
Program services /
Total revenue
83%64%72%72%74%80%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%16%8%8%4%-5%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
6%16%7%8%5%-5%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
7%11%10%9%11%11%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.640.560.610.650.670.68
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.282.663.102.972.612.84
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.631.491.891.931.741.94
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
7.894.183.713.744.073.42
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.120.240.270.270.250.29
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
3.266.124.644.565.214.37
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
14%31%30%26%33%35%
Debt ratio Debt ratio =
Debt /
Total assets
0%9%16%1%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
52%122%114%114%100%95%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$45,872,623$24,907,087$24,189,208$19,911,555$22,227,916
Receivables, inventories, prepaids$20,541,571$15,539,400$13,864,074$13,515,210$12,481,882
Short-term investments$72,721,948$62,575,353$56,603,933$65,399,992$52,239,069
Other current assets$0$0$0$0$0
Total current assets$139,136,142$103,021,840$94,657,215$98,826,757$86,948,867
Long-term investments$21,262,401$16,613,823$17,455,756$0$2,743,841
Fixed assets$187,382,918$161,543,849$134,011,675$127,540,199$127,211,837
Other long-term assets$22,763,515$38,518,012$34,953,653$31,465,523$29,857,288
Total long-term assets$231,408,834$216,675,684$186,421,084$159,005,722$159,812,966
Total assets$370,544,976$319,697,524$281,078,299$257,832,479$246,761,833
 
Liabilities20202019201820172016
Payables and accrued expenses$29,619,937$19,895,793$15,359,903$14,657,891$15,400,615
Other current liabilities$3,663,521$7,867,456$9,917,217$9,612,347$10,043,274
Total current liabilities$33,283,458$27,763,249$25,277,120$24,270,238$25,443,889
Debt$31,768,852$50,040,254$2,650,538$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$51,395,310$19,662,342$45,587,318$61,084,841$60,941,364
Total long-term liabilities$83,164,162$69,702,596$48,237,856$61,084,841$60,941,364
Total liabilities$116,447,620$97,465,845$73,514,976$85,355,079$86,385,253
 
Net assets20202019201820172016
Without donor restrictions$187,811,940$160,758,951$155,310,708$131,721,515$132,015,578
With donor restrictions$66,285,416$61,472,728$52,252,615$40,755,885$28,361,002
Net assets$254,097,356$222,231,679$207,563,323$172,477,400$160,376,580
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$235,792,579$194,641,050$183,408,062$163,251,984$150,745,250
Program service revenue$2,409,606$3,960,909$3,356,970$0$0
Membership dues$0$0$0$0$0
Investment income$2,408,475$3,217,385$3,446,729$4,696,911$723,159
Other revenue$7,826,006$9,080,426$8,645,053$11,598,082$9,497,692
Total other revenue$12,644,087$16,258,720$15,448,752$16,294,993$10,220,851
Total revenue$248,436,666$210,899,770$198,856,814$179,546,977$160,966,101
 
Expenses20202019201820172016
Program services$160,177,670$151,171,814$142,627,228$132,103,247$128,539,798
Management and general$23,193,830$20,389,741$17,049,931$18,602,492$18,058,847
Fundraising$24,178,198$22,974,069$22,948,053$21,054,075$22,409,914
Total expenses$207,549,698$194,535,624$182,625,212$171,759,814$169,008,559
 
Change in net assets20202019201820172016
Surplus (deficit)$40,886,968$16,364,146$16,231,602$7,787,163($8,042,458)
Other changes in net assets($8,870,878)($1,695,790)$18,854,321$4,313,657($6,799,508)
Total change in net assets$32,016,090$14,668,356$35,085,923$12,100,820($14,841,966)

Compensation

Compensation data for this ministry has not been collected.


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 8/30/2021. To update the information below, please email: info@ministrywatch.com


History


Program accomplishments

For more than four decades, Covenant House has helped transform and save the lives of more than a million homeless, runaway and trafficked young people. We offer housing and support services to young people in need - currently reaching 50,000 youth every year.


Needs