501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
$2.2M paid to officers and key staff.
Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $12.4M a year · 12% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.2M
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Plus $44.3M in investments, Pt X · Ln 11–13
Fine: 0.7 months of spending in cash, plus $44.3M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $542K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$26.5M
17% of total assets
Looks good: liabilities are 17% of assets; 50% or less.
Pt X · Ln 26
Independent board members
38
of 38 voting members
Looks good: 38 of 38 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$154.7M
+77% vs prior year
Spent
$92.9M
To programs
78%
Net assets
$129.4M
By yearFY2020–FY2025
Revenue
$154.7M
FY2022▲ +77%
Tap a bar for its year
Revenue by fiscal year
FY2020$93.3M
FY2021$87.2M
FY2022$154.7M
FY2023$88.3M
FY2024$93.9M
FY2025$94.6M
Expenses
$92.9M
FY2022▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2020$78.2M
FY2021$83.8M
FY2022$92.9M
FY2023$93.5M
FY2024$92.7M
FY2025$96.3M
Net assets
$129.4M
FY2022▲ +94%
Tap a bar for its year
Net assets by fiscal year
FY2020$56.3M
FY2021$66.8M
FY2022$129.4M
FY2023$128.0M
FY2024$134.8M
FY2025$139.9M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1973.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $72.4M Management & general 10% · $9.6M Fundraising 12% · $10.9M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

47 people listed on the 990; $2.2M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Treasurer/CFO
$315,836Pt VII · Sec A
Chief Development Officer
$308,253Pt VII · Sec A
Secretary/COO
$285,397Pt VII · Sec A
Chief Legal Officer
$282,851Pt VII · Sec A
SVP, Indiv. Giving & Corporate Partner
$266,478Pt VII · Sec A
Chief People, Culture, and Inclusion
$256,325Pt VII · Sec A
SVP, Integrated Direct Marketing
$242,714Pt VII · Sec A
SVP, Operations & Site Support
$240,386Pt VII · Sec A

Carlette Mack Chief People’s $516K as Culture, & Inclusion, Thru Aug 2024 is at the 96th percentile of top reported officer pay among 3122 $10–100M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Carlette Mack Chief People$516,140—————
William Bedrossian$474,264$388,395————
Deirdre Cronin—$418,118$346,662$285,397$269,689$260,952
Pamela Kournetas$400,496$388,115$383,268$315,836$285,634$240,126
Jill Vorndran$386,818$366,831$369,173$308,253$300,665$295,793
John Ducoff$382,820$356,163$349,908$282,851$277,774$191,437
Virginia Pryor$371,376—————
Leslie McGuire$371,020$259,767$246,674$240,386$233,238$223,329

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Covenant House executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides transitional living programs and support for young people experiencing homelessness to achieve independence.

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Provided by the organization

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3 programs · $58.4M · in their own filed words · FY2021
01

See Schedule O

Immediate housing (shelter and crisis care)- immediate housingcovenant house welcomes all young people facing homelessness with unconditional love, absolute respect, and relentless support. Our shelter doors are always open, 24/7, including in times of enormous upheaval such as that caused by the COVID-19 pandemic.

$26.6Mprogram expense
02

See Schedule O

Education and employment SERVICES/PUBLIC education and prevention programs- education and employment servicesyoung people arrive at covenant house with dreams that have been disrupted by homelessness. About 23% are enrolled in school at the time of intake.

$20.7Mprogram expense
03

See Schedule O

Transitional living program - rights of passage "rop"-transitional living program - rights of passage "rop"covenant house's transitional living programs, often referred to as "rights of passage or rop, are where young people take their boldest steps toward independence.

$11.2Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
See all 7 funders →
Grants paid · 73 grants · $165.9M · 2019–2024
Under 21NY · FY2024$9,821,954
Covenant House New Jersey INCNJ · FY2024$4,499,948
Covenant House California INCCA · FY2024$2,504,426
Covenant House Florida INCFL · FY2024$2,205,367
Ch Pennsylvania Under - 21PA · FY2024$2,056,155
Covenant House Washington DCDC · FY2024$1,648,631
Covenant House TexasTX · FY2024$1,613,467
Covenant House New OrleansLA · FY2024$1,462,594
Covenant House MissouriMO · FY2024$1,435,014
Covenant House Georgia INCGA · FY2024$1,413,443
Covenant House Illinois INCIL · FY2024$1,307,122
Covenant House MichiganMI · FY2024$901,663
Covenant House AlaskaAK · FY2024$861,724
Under 21NY · FY2023$11,246,817
Covenant House New Jersey INCNJ · FY2023$4,079,900
Covenant House Florida INCFL · FY2023$2,451,065
See all 73 grants →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$154.7M
Ln 12
Gifts and grantsLn 1h$90.7M
Investment incomeLn 3$62.3M
Fees for servicesLn 2g$938K
Money outPt IX
$92.9M
Ln 25
Programscol B$72.4M
Managementcol C$9.6M
Fundraisingcol D$10.9M
Owns and owesPt X
$129.4M
net assets · Ln 32
Cash and savingsLn 1–2$5.7M
Total assetsLn 16$155.9M
LiabilitiesLn 26$26.5M
PeoplePt VI, VII
47
listed · VII A
PaidVII A8
Voting boardVI 1a38
IndependentVI 1b38
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$90.7M
Government grantsLn 1e$669K
Noncash giftsLn 1g$1.1M
Fundraising eventsLn 1c$10.3M
Fees for servicesLn 2g$938K
Investment incomeLn 3$62.3M
Other incomeLn 4–11$760K
Gains on assetsLn 7$60.9M
Total revenueLn 12$154.7M
Assets in detailPt X, end of year
CashLn 1$4.7M
SavingsLn 2$980K
Cash and savings togetherLn 1–2$5.7M
InvestmentsLn 11–13$44.3M
Land, buildings, equipmentLn 10c$80.0M
Other assetsLn 15$13.1M
Total assetsLn 16$155.9M
LiabilitiesLn 26$26.5M
Net assetsLn 32$129.4M
OperationsPt I, VI
EmployeesI 5133
VolunteersI 643
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$8.7M$5.7M
InvestmentsLn 11–13$43.7M$44.3M
Land, buildings, equipmentLn 10c$91.1M$80.0M
Total assetsLn 16$156.5M$155.9M
LiabilitiesLn 26$89.7M$26.5M
Net assetsLn 32$66.8M$129.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$34.6M$34.6M
Grants to domestic individualsLn 2$8K$8K
Grants and assistance to foreign recipientsLn 3$4.5M$4.5M
Pay of current officers, directors and key staffLn 5$1.2M$754K$323K$87K
Other salaries and wagesLn 7$13.0M$8.4M$3.6M$972K
Pension plan contributionsLn 8$1.7M$1.1M$482K$120K
Other employee benefitsLn 9$1.5M$954K$411K$103K
Payroll taxesLn 10$1.0M$669K$304K$72K
Legal feesLn 11b$178K$138K$41K
Accounting feesLn 11c$265K$265K
Lobbying feesLn 11d$153K$153K
Professional fundraising feesLn 11e$492K$492K
Investment management feesLn 11f$74K$74K
Other fees for servicesLn 11g$7.0M$4.7M$1.6M$702K
Advertising and promotionLn 12$522K$267K$11K$243K
Office expensesLn 13$925K$791K$118K$16K
Information technologyLn 14$264K$214K$49K$1K
OccupancyLn 16$1.6M$1.1M$421K$112K
TravelLn 17$237K$199K$22K$16K
Conferences, conventions and meetingsLn 19$210K$196K$7K$7K
Depreciation, depletion and amortizationLn 22$5.9M$4.3M$1.2M$401K
InsuranceLn 23$98K$140$98K$15
Other expenses (24a–d)Ln 24$17.5M$9.4M$458K$7.6M
All other expensesLn 24e$106K$106K
Total functional expensesLn 25$92.9M$72.4M$9.6M$10.9M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $94.6M$96.3M−$1.7M$139.9M 990 PDF
FY2024 $93.9M$92.7M$1.2M$134.8M 990 PDF
FY2023 $88.3M$93.5M−$5.2M$128.0M 990 PDF
FY2022 Viewing $154.7M$92.9M$61.8M$129.4M 990 PDF
FY2021 $87.2M$83.8M$3.4M$66.8M 990 PDF
FY2020 $93.3M$78.2M$15.1M$56.3M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign M · Noncash J · Pay O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $154,746,645 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $83,364,042$90,714,329
I-9 Program service revenuePrior year $1,523,484$938,484
I-10 Investment incomePrior year $1,519,933$62,333,588
I-11 Other revenuePrior year $813,814$760,244
I-12 Total revenuePrior year $87,221,273$154,746,645
I-13 Grants and similar amounts paidPrior year $38,516,207$39,118,700
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $15,911,340$18,383,541
I-16a Professional fundraising feesPrior year $542,598$491,936
I-17 Other expensesPrior year $28,805,344$34,952,319
I-18 Total expensesPrior year $83,775,489$92,946,496
I-19 Revenue less expensesPrior year $3,445,784$61,800,149
Part VI · Governance 38 of 38 board members independent, no flags
VI-1a Voting members of the governing body38
VI-1b Independent voting members38
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $154,746,645 across 14 lines filed
VIII-1a Federated campaigns$25,280
VIII-1c Fundraising events$10,268,723
VIII-1d Related organizations$2,000,000
VIII-1e Government grants$668,950
VIII-1f All other contributions, gifts and grants$77,751,376
VIII-1g Noncash contributions (included above)$1,123,154
VIII-1h Total contributions, gifts and grants$90,714,329
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $938,484$938,484
VIII-3 Investment incomeExcluded from tax $1,414,442$1,414,442
VIII-5 RoyaltiesExcluded from tax $470,734$470,734
VIII-7 Net gain or loss on sales of assetsExcluded from tax $60,919,146$60,919,146
VIII-8 Net income from fundraising eventsExcluded from tax −$183,277−$183,277
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $472,787$472,787
VIII-12 Total revenueRelated to mission $938,484 · Unrelated business $0 · Excluded from tax $63,093,832$154,746,645
Part IX · Statement of functional expenses $92,946,496 across 24 lines filed
IX-1 Grants to domestic organizationsPrograms $34,585,822$34,585,822
IX-2 Grants to domestic individualsPrograms $7,700$7,700
IX-3 Grants and assistance to foreign recipientsPrograms $4,525,178$4,525,178
IX-5 Pay of current officers, directors and key staffPrograms $754,383 · Management $323,475 · Fundraising $87,202$1,165,060
IX-7 Other salaries and wagesPrograms $8,407,424 · Management $3,605,058 · Fundraising $971,843$12,984,325
IX-8 Pension plan contributionsPrograms $1,118,900 · Management $482,096 · Fundraising $120,063$1,721,059
IX-9 Other employee benefitsPrograms $954,212 · Management $411,103 · Fundraising $102,530$1,467,845
IX-10 Payroll taxesPrograms $668,823 · Management $304,402 · Fundraising $72,027$1,045,252
IX-11b Legal feesPrograms $137,736 · Management $40,582$178,318
IX-11c Accounting feesManagement $265,380$265,380
IX-11d Lobbying feesPrograms $152,600$152,600
IX-11e Professional fundraising feesFundraising $491,936$491,936
IX-11f Investment management feesManagement $73,646$73,646
IX-11g Other fees for servicesPrograms $4,670,573 · Management $1,580,907 · Fundraising $702,035$6,953,515
IX-12 Advertising and promotionPrograms $267,429 · Management $11,367 · Fundraising $242,763$521,559
IX-13 Office expensesPrograms $790,544 · Management $118,123 · Fundraising $16,492$925,159
IX-14 Information technologyPrograms $213,610 · Management $48,777 · Fundraising $1,417$263,804
IX-16 OccupancyPrograms $1,076,616 · Management $421,239 · Fundraising $112,483$1,610,338
IX-17 TravelPrograms $199,291 · Management $22,147 · Fundraising $15,565$237,003
IX-19 Conferences, conventions and meetingsPrograms $195,731 · Management $6,680 · Fundraising $7,296$209,707
IX-22 Depreciation, depletion and amortizationPrograms $4,260,920 · Management $1,223,370 · Fundraising $401,029$5,885,319
IX-23 InsurancePrograms $140 · Management $98,237 · Fundraising $15$98,392
IX-24 Other expenses (24a–d)Programs $9,425,625 · Management $458,384 · Fundraising $7,587,369$17,471,378
IX-24e All other expensesManagement $106,201$106,201
IX-25 Total functional expensesPrograms $72,413,257 · Management $9,601,174 · Fundraising $10,932,065$92,946,496
Part X · Balance sheet $155,866,483 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $4,484,145$4,698,523
X-2 Savings and temporary cash investmentsStart of year $4,197,149$979,875
X-3 Pledges and grants receivableStart of year $1,535,207$2,488,693
X-4 Accounts receivableStart of year $88,363$104,161
X-9 Prepaid expenses and deferred chargesStart of year $586,539$536,628
X-10c Land, buildings and equipment, netStart of year $91,062,166$79,950,202
X-11 Publicly traded securitiesStart of year $39,961,747$40,892,813
X-12 Other securitiesStart of year $3,785,823$3,362,653
X-14 Intangible assetsStart of year $6,479,349$9,750,331
X-15 Other assetsStart of year $4,326,025$13,102,604
X-16 Total assetsStart of year $156,506,513$155,866,483
X-17 Accounts payable and accrued expensesStart of year $5,049,494$4,714,723
X-18 Grants payableStart of year $14,819$14,819
X-24 Unsecured notes and loans payableStart of year $0$350,000
X-25 Other liabilitiesStart of year $41,453,855$21,107,892
X-26 Total liabilitiesStart of year $89,746,197$26,507,187
X-27 Net assets without donor restrictionsStart of year $45,497,773$110,148,215
X-28 Net assets with donor restrictionsStart of year $21,262,543$19,211,081
X-32 Total net assets or fund balancesStart of year $66,760,316$129,359,296
X-33 Total liabilities and net assetsStart of year $156,506,513$155,866,483
Part XI · Reconciliation of net assets $129,359,296 net assets at year end
XI-1 Total revenue$154,746,645
XI-2 Total expenses$92,946,496
XI-3 Revenue less expenses$61,800,149
XI-4 Net assets at start of year$66,760,316
XI-5 Net unrealized gains (losses) on investments−$5,081,032
XI-9 Other changes in net assets$5,879,863
XI-10 Net assets at end of year$129,359,296

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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