501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
$2.8M paid to officers and key staff.
Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
$2.8M
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Fine: 0.8 months of spending in cash, plus $43.5M 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
$26.7M
17% of total assets
Looks good: liabilities are 17% of assets; 50% or less.
Pt X · Ln 26
Independent board members
33
of 33 voting members
Looks good: 33 of 33 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$88.3M
-43% vs prior year
Spent
$93.5M
To programs
78%
Net assets
$128.0M
By yearFY2020–FY2025
Revenue
$88.3M
FY2023▼ -43%
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
$93.5M
FY2023▲ +0.6%
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
$128.0M
FY2023▼ -1%
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 FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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% · $73.1M Management & general 11% · $10.1M Fundraising 11% · $10.3M

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

50 people listed on the 990; $2.8M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Treasurer/CFO
$383,268Pt VII · Sec A
Chief Development Officer
$369,173Pt VII · Sec A
Chief Legal Officer/Secretary
$349,908Pt VII · Sec A
Secretary/COO Thru Mar 2023
$346,662Pt VII · Sec A
Chief People, Culture, & Inclusion
$331,476Pt VII · Sec A
SVP, Key Partnerships
$273,195Pt VII · Sec A
SVP, Integrated Direct Marketing
$249,260Pt VII · Sec A
SVP, Operations & Site Support
$246,674Pt 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 · $58.7M · in their own filed words · FY2022
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, 24/7/365.

$25.0Mprogram 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. At the time of intake, 25% are employed and 20% are enrolled in school.

$21.9Mprogram 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.

$11.8Mprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$88.3M
Ln 12
Gifts and grantsLn 1h$85.7M
Investment incomeLn 3$1.3M
Fees for servicesLn 2g$927K
Money outPt IX
$93.5M
Ln 25
Programscol B$73.1M
Managementcol C$10.1M
Fundraisingcol D$10.3M
Owns and owesPt X
$128.0M
net assets · Ln 32
Cash and savingsLn 1–2$6.2M
Total assetsLn 16$154.7M
LiabilitiesLn 26$26.7M
PeoplePt VI, VII
50
listed · VII A
PaidVII A9
Voting boardVI 1a33
IndependentVI 1b33
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$85.7M
Government grantsLn 1e$1.2M
Noncash giftsLn 1g$450K
Fundraising eventsLn 1c$10.7M
Fees for servicesLn 2g$927K
Investment incomeLn 3$1.3M
Other incomeLn 4–11$432K
Gains on assetsLn 7$80K
Total revenueLn 12$88.3M
Assets in detailPt X, end of year
CashLn 1$2.1M
SavingsLn 2$4.1M
Cash and savings togetherLn 1–2$6.2M
InvestmentsLn 11–13$43.5M
Land, buildings, equipmentLn 10c$75.8M
Other assetsLn 15$16.6M
Total assetsLn 16$154.7M
LiabilitiesLn 26$26.7M
Net assetsLn 32$128.0M
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 FY23End FY23
Cash and savingsLn 1–2$5.7M$6.2M
InvestmentsLn 11–13$44.3M$43.5M
Land, buildings, equipmentLn 10c$80.0M$75.8M
Total assetsLn 16$155.9M$154.7M
LiabilitiesLn 26$26.5M$26.7M
Net assetsLn 32$129.4M$128.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$32.6M$32.6M
Grants to domestic individualsLn 2$5K$5K
Grants and assistance to foreign recipientsLn 3$3.9M$3.9M
Pay of current officers, directors and key staffLn 5$2.2M$1.4M$571K$156K
Other salaries and wagesLn 7$14.2M$9.4M$3.7M$1.0M
Pension plan contributionsLn 8$1.7M$1.1M$458K$118K
Other employee benefitsLn 9$2.1M$1.4M$557K$144K
Payroll taxesLn 10$1.1M$731K$299K$77K
Legal feesLn 11b$286K$230K$56K
Accounting feesLn 11c$223K$223K
Lobbying feesLn 11d$119K$119K
Professional fundraising feesLn 11e$220K$220K
Investment management feesLn 11f$64K$64K
Other fees for servicesLn 11g$6.2M$4.2M$1.8M$286K
Office expensesLn 13$483K$392K$82K$9K
Information technologyLn 14$313K$234K$79K$694
OccupancyLn 16$324K$303K$21K
TravelLn 17$383K$316K$40K$27K
Conferences, conventions and meetingsLn 19$276K$264K$6K$6K
Depreciation, depletion and amortizationLn 22$9.1M$7.0M$1.2M$837K
InsuranceLn 23$134K$134K$16
Other expenses (24a–d)Ln 24$17.5M$9.6M$440K$7.4M
All other expensesLn 24e$161K$103K$40K$18K
Total functional expensesLn 25$93.5M$73.1M$10.1M$10.3M

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 Viewing $88.3M$93.5M−$5.2M$128.0M 990 PDF
FY2022 $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 FY2023 990 (6 parts)
Part I · Summary $88,308,947 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $90,714,329$85,693,086
I-9 Program service revenuePrior year $938,484$927,000
I-10 Investment incomePrior year $62,333,588$1,256,379
I-11 Other revenuePrior year $760,244$432,482
I-12 Total revenuePrior year $154,746,645$88,308,947
I-13 Grants and similar amounts paidPrior year $39,118,700$36,522,999
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $18,383,541$21,230,344
I-16a Professional fundraising feesPrior year $491,936$220,124
I-17 Other expensesPrior year $34,952,319$35,526,203
I-18 Total expensesPrior year $92,946,496$93,499,670
I-19 Revenue less expensesPrior year $61,800,149−$5,190,723
Part VI · Governance 33 of 33 board members independent, no flags
VI-1a Voting members of the governing body33
VI-1b Independent voting members33
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 $88,308,947 across 13 lines filed
VIII-1a Federated campaigns$21,493
VIII-1c Fundraising events$10,699,368
VIII-1e Government grants$1,177,332
VIII-1f All other contributions, gifts and grants$73,794,893
VIII-1g Noncash contributions (included above)$449,759
VIII-1h Total contributions, gifts and grants$85,693,086
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $927,000$927,000
VIII-3 Investment incomeExcluded from tax $1,176,174$1,176,174
VIII-5 RoyaltiesExcluded from tax $456,337$456,337
VIII-7 Net gain or loss on sales of assetsExcluded from tax $80,205$80,205
VIII-8 Net income from fundraising eventsExcluded from tax −$478,527−$478,527
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $454,672$454,672
VIII-12 Total revenueRelated to mission $927,000 · Unrelated business $0 · Excluded from tax $1,688,861$88,308,947
Part IX · Statement of functional expenses $93,499,670 across 23 lines filed
IX-1 Grants to domestic organizationsPrograms $32,629,721$32,629,721
IX-2 Grants to domestic individualsPrograms $4,550$4,550
IX-3 Grants and assistance to foreign recipientsPrograms $3,888,728$3,888,728
IX-5 Pay of current officers, directors and key staffPrograms $1,442,870 · Management $570,570 · Fundraising $155,610$2,169,050
IX-7 Other salaries and wagesPrograms $9,446,632 · Management $3,735,585 · Fundraising $1,018,794$14,201,011
IX-8 Pension plan contributionsPrograms $1,116,126 · Management $457,588 · Fundraising $118,248$1,691,962
IX-9 Other employee benefitsPrograms $1,360,171 · Management $557,167 · Fundraising $144,165$2,061,503
IX-10 Payroll taxesPrograms $730,501 · Management $298,840 · Fundraising $77,477$1,106,818
IX-11b Legal feesPrograms $229,571 · Management $56,433$286,004
IX-11c Accounting feesManagement $223,093$223,093
IX-11d Lobbying feesPrograms $119,050$119,050
IX-11e Professional fundraising feesFundraising $220,124$220,124
IX-11f Investment management feesManagement $63,782$63,782
IX-11g Other fees for servicesPrograms $4,161,101 · Management $1,768,568 · Fundraising $285,776$6,215,445
IX-13 Office expensesPrograms $392,217 · Management $81,526 · Fundraising $8,950$482,693
IX-14 Information technologyPrograms $233,535 · Management $78,703 · Fundraising $694$312,932
IX-16 OccupancyManagement $302,964 · Fundraising $21,079$324,043
IX-17 TravelPrograms $316,054 · Management $39,985 · Fundraising $27,130$383,169
IX-19 Conferences, conventions and meetingsPrograms $263,621 · Management $6,423 · Fundraising $5,892$275,936
IX-22 Depreciation, depletion and amortizationPrograms $7,022,635 · Management $1,216,359 · Fundraising $836,534$9,075,528
IX-23 InsuranceManagement $134,299 · Fundraising $16$134,315
IX-24 Other expenses (24a–d)Programs $9,647,078 · Management $440,003 · Fundraising $7,381,856$17,468,937
IX-24e All other expensesPrograms $103,220 · Management $39,672 · Fundraising $18,384$161,276
IX-25 Total functional expensesPrograms $73,107,381 · Management $10,071,560 · Fundraising $10,320,729$93,499,670
Part X · Balance sheet $154,690,928 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $4,698,523$2,101,680
X-2 Savings and temporary cash investmentsStart of year $979,875$4,138,018
X-3 Pledges and grants receivableStart of year $2,488,693$3,000,473
X-4 Accounts receivableStart of year $104,161$109,283
X-9 Prepaid expenses and deferred chargesStart of year $536,628$1,020,504
X-10c Land, buildings and equipment, netStart of year $79,950,202$75,779,349
X-11 Publicly traded securitiesStart of year $40,892,813$36,991,794
X-12 Other securitiesStart of year $3,362,653$6,488,652
X-14 Intangible assetsStart of year $9,750,331$8,486,693
X-15 Other assetsStart of year $13,102,604$16,574,482
X-16 Total assetsStart of year $155,866,483$154,690,928
X-17 Accounts payable and accrued expensesStart of year $4,714,723$4,569,318
X-18 Grants payableStart of year $14,819$14,819
X-24 Unsecured notes and loans payableStart of year $350,000$3,000,000
X-25 Other liabilitiesStart of year $21,107,892$18,960,477
X-26 Total liabilitiesStart of year $26,507,187$26,658,865
X-27 Net assets without donor restrictionsStart of year $110,148,215$109,855,891
X-28 Net assets with donor restrictionsStart of year $19,211,081$18,176,172
X-32 Total net assets or fund balancesStart of year $129,359,296$128,032,063
X-33 Total liabilities and net assetsStart of year $155,866,483$154,690,928
Part XI · Reconciliation of net assets $128,032,063 net assets at year end
XI-1 Total revenue$88,308,947
XI-2 Total expenses$93,499,670
XI-3 Revenue less expenses−$5,190,723
XI-4 Net assets at start of year$129,359,296
XI-5 Net unrealized gains (losses) on investments$1,497,376
XI-9 Other changes in net assets$2,366,114
XI-10 Net assets at end of year$128,032,063

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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