Covenant House

The information on this page was last updated 5/26/2022. If you see errors or omissions, 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: covenanthouse.org

Phone: (800) 388-3888

Email: info@CovenantHouse.org


Organization details

EIN: 132725416

CEO/President: Kevin Ryan

Chairman: Tom McGee

Board size: 28

Founder:

Ruling year: 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

Donor confidence score

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Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Relief and Development

CategoryRatingOverall rankSector rank
Overall efficiency rating926 of 103174 of 85
Fund acquisition rating726 of 103363 of 85
Resource allocation rating683 of 103356 of 85
Asset utilization rating951 of 103176 of 85

Financial ratios

Funding ratiosSector median20212020201920182017
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
6%9%10%12%13%13%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%9%10%11%12%12%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
99%94%95%92%92%91%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%10%12%12%13%12%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
1%6%5%8%8%9%
 
Operating ratiosSector median20212020201920182017
Program expense ratio Program expense ratio =
Program services /
Total expenses
85%81%77%78%78%77%
Spending ratio Spending ratio =
Total expenses /
Total revenue
93%87%84%92%92%96%
Program output ratio Program output ratio =
Program services /
Total revenue
78%71%64%72%72%74%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
7%13%16%8%8%4%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
13%13%16%7%8%5%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
7%9%11%10%9%11%
 
Investing ratiosSector median20212020201920182017
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.500.600.560.610.650.67
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.222.682.663.102.972.61
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.221.601.491.891.931.74
 
Liquidity ratiosSector median20212020201920182017
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.595.804.183.713.744.07
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.100.170.240.270.270.25
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.536.206.124.644.565.21
 
Solvency ratiosSector median20212020201920182017
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
11%33%31%30%26%33%
Debt ratio Debt ratio =
Debt /
Total assets
0%2%9%16%1%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
52%112%122%114%114%100%

Financials

Balance sheet
 
Assets20212020201920182017
Cash$57,971,792$45,872,623$24,907,087$24,189,208$19,911,555
Receivables, inventories, prepaids$25,192,228$20,541,571$15,539,400$13,864,074$13,515,210
Short-term investments$90,580,791$72,721,948$62,575,353$56,603,933$65,399,992
Other current assets$0$0$0$0$0
Total current assets$173,744,811$139,136,142$103,021,840$94,657,215$98,826,757
Long-term investments$16,443,621$21,262,401$16,613,823$17,455,756$0
Fixed assets$243,293,162$187,382,918$161,543,849$134,011,675$127,540,199
Other long-term assets$31,940,973$22,763,515$38,518,012$34,953,653$31,465,523
Total long-term assets$291,677,756$231,408,834$216,675,684$186,421,084$159,005,722
Total assets$465,422,567$370,544,976$319,697,524$281,078,299$257,832,479
 
Liabilities20212020201920182017
Payables and accrued expenses$26,674,400$29,619,937$19,895,793$15,359,903$14,657,891
Other current liabilities$3,259,032$3,663,521$7,867,456$9,917,217$9,612,347
Total current liabilities$29,933,432$33,283,458$27,763,249$25,277,120$24,270,238
Debt$10,901,803$31,768,852$50,040,254$2,650,538$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$111,547,483$51,395,310$19,662,342$45,587,318$61,084,841
Total long-term liabilities$122,449,286$83,164,162$69,702,596$48,237,856$61,084,841
Total liabilities$152,382,718$116,447,620$97,465,845$73,514,976$85,355,079
 
Net assets20212020201920182017
Without donor restrictions$240,312,053$187,811,940$160,758,951$155,310,708$131,721,515
With donor restrictions$72,727,796$66,285,416$61,472,728$52,252,615$40,755,885
Net assets$313,039,849$254,097,356$222,231,679$207,563,323$172,477,400
 
Revenues and expenses
 
Revenue20212020201920182017
Total contributions$299,236,998$235,792,579$194,641,050$183,408,062$163,251,984
Program service revenue$2,227,024$2,409,606$3,960,909$3,356,970$0
Membership dues$0$0$0$0$0
Investment income$10,033,455$2,408,475$3,217,385$3,446,729$4,696,911
Other revenue$8,532,992$7,826,006$9,080,426$8,645,053$11,598,082
Total other revenue$20,793,471$12,644,087$16,258,720$15,448,752$16,294,993
Total revenue$320,030,469$248,436,666$210,899,770$198,856,814$179,546,977
 
Expenses20212020201920182017
Program services$225,898,978$160,177,670$151,171,814$142,627,228$132,103,247
Management and general$24,397,735$23,193,830$20,389,741$17,049,931$18,602,492
Fundraising$28,023,405$24,178,198$22,974,069$22,948,053$21,054,075
Total expenses$278,320,118$207,549,698$194,535,624$182,625,212$171,759,814
 
Change in net assets20212020201920182017
Surplus (deficit)$41,710,351$40,886,968$16,364,146$16,231,602$7,787,163
Other changes in net assets$17,232,142($8,870,878)($1,695,790)$18,854,321$4,313,657
Total change in net assets$58,942,493$32,016,090$14,668,356$35,085,923$12,100,820

Compensation

NameTitleCompensation
James M WhiteFormer Sec./Evp, Strat Planning$334,734
Jill VorndranChief Development Officer$321,501
Deirdre CroninSecretary/COO$294,536
Diane Milan-ScottEVP Program Operations$266,479
Leslie McGuireSVP, Operations & Site Support$263,557
Thomas Monaghan SVPSVP, Indiv. Giving & Corporate Partnerships$258,678
Pamela KournetasTreasurer/CFO$240,126
John DucoffChief Legal Officer$218,049
Margaret HealySVP Latin America$214,794
Kevin RyanPresident & CEO$213,838
Daniel McCarthyFormer Treasurer/CFO$120,369

Compensation data as of: 6/30/2020


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 5/26/2022. 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