Covenant House 
The information on this page was last updated 2/27/2026. If you see errors or omissions, please email: [email protected]
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: [email protected]
Organization details
EIN: 132725416
CEO/President: Bill Bedrossian
Chairman: Eric Hutcherson
Board size: 32
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
Articles
Donor confidence score
Show donor confidence score details
To understand our donor confidence score, click here.
Transparency grade
C
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Community Development
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 1323 of 1423 | 128 of 146 |
| Fund acquisition rating | | 1281 of 1423 | 120 of 146 |
| Resource allocation rating | | 1001 of 1423 | 105 of 146 |
| Asset utilization rating | | 1121 of 1424 | 110 of 146 |
According to the organization's Form 990, it received $954,627 in government grants in 2025.
To understand our financial efficiency ratings, click here.
Financial ratios
| Funding ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 6% | 12% | 11% | 12% | 12% | 13% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 4% | 12% | 11% | 12% | 7% | 13% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 91% | 96% | 97% | 97% | 59% | 96% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 5% | 12% | 11% | 11% | 12% | 13% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 9% | 4% | 3% | 3% | 41% | 4% |
| Operating ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Program expense ratio Program expense ratio = Program services / Total expenses | 83% | 78% | 78% | 78% | 78% | 78% |
Spending ratio Spending ratio = Total expenses / Total revenue | 96% | 102% | 99% | 106% | 60% | 96% |
Program output ratio Program output ratio = Program services / Total revenue | 79% | 79% | 77% | 83% | 47% | 75% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 4% | -2% | 1% | -6% | 40% | 4% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 4% | -1% | 1% | -4% | 48% | 5% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 11% | 10% | 11% | 11% | 10% | 9% |
| Investing ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 1.02 | 0.59 | 0.58 | 0.60 | 0.60 | 0.54 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.88 | 2.56 | 2.75 | 3.27 | 3.14 | 3.08 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 2.14 | 1.52 | 1.59 | 1.97 | 1.87 | 1.65 |
| Liquidity ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Current ratio Current ratio = Total current assets / Total current liabilities | 12.19 | 10.42 | 13.82 | 10.33 | 10.51 | 10.04 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.07 | 0.10 | 0.07 | 0.10 | 0.10 | 0.10 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 4.79 | 7.12 | 6.99 | 5.49 | 5.81 | 6.56 |
| Solvency ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 10% | 14% | 16% | 17% | 17% | 57% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 1% | 3% | 2% | 0% | 28% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 77% | 145% | 145% | 137% | 139% | 80% |
Financials
| Balance sheet | |||||
| Assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Cash | $15,509,528 | $13,344,694 | $6,239,698 | $5,678,398 | $8,681,294 |
| Receivables, inventories, prepaids | $6,010,775 | $5,280,674 | $4,130,260 | $3,129,482 | $2,210,109 |
| Short-term investments | $41,690,424 | $39,588,307 | $36,991,794 | $40,892,813 | $39,961,747 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $63,210,727 | $58,213,675 | $47,361,752 | $49,700,693 | $50,853,150 |
| Long-term investments | $6,142,871 | $6,914,933 | $6,488,652 | $3,362,653 | $3,785,823 |
| Fixed assets | $80,423,985 | $72,963,525 | $75,779,349 | $79,950,202 | $91,062,166 |
| Other long-term assets | $12,104,384 | $21,709,922 | $25,061,175 | $22,852,935 | $10,805,374 |
| Total long-term assets | $98,671,240 | $101,588,380 | $107,329,176 | $106,165,790 | $105,653,363 |
| Total assets | $161,881,967 | $159,802,055 | $154,690,928 | $155,866,483 | $156,506,513 |
| Liabilities | 2025 | 2024 | 2023 | 2022 | 2021 |
| Payables and accrued expenses | $6,066,892 | $4,212,274 | $4,584,137 | $4,729,542 | $5,064,313 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $6,066,892 | $4,212,274 | $4,584,137 | $4,729,542 | $5,064,313 |
| Debt | $2,188,695 | $4,646,153 | $3,114,251 | $669,753 | $43,228,029 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $13,680,765 | $16,130,367 | $18,960,477 | $21,107,892 | $41,453,855 |
| Total long-term liabilities | $15,869,460 | $20,776,520 | $22,074,728 | $21,777,645 | $84,681,884 |
| Total liabilities | $21,936,352 | $24,988,794 | $26,658,865 | $26,507,187 | $89,746,197 |
| Net assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Without donor restrictions | $121,141,825 | $115,268,515 | $109,855,891 | $110,148,215 | $45,497,773 |
| With donor restrictions | $18,803,790 | $19,544,746 | $18,176,172 | $19,211,081 | $21,262,543 |
| Net assets | $139,945,615 | $134,813,261 | $128,032,063 | $129,359,296 | $66,760,316 |
| Revenues and expenses | |||||
| Revenue | 2025 | 2024 | 2023 | 2022 | 2021 |
| Total contributions | $91,027,389 | $91,388,724 | $85,693,086 | $90,714,329 | $83,364,042 |
| Program service revenue | $927,000 | $927,000 | $927,000 | $938,484 | $1,523,484 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $1,661,629 | $1,296,125 | $1,256,379 | $62,333,588 | $1,519,933 |
| Other revenue | $980,877 | $266,905 | $432,482 | $760,244 | $813,814 |
| Total other revenue | $3,569,506 | $2,490,030 | $2,615,861 | $64,032,316 | $3,857,231 |
| Total revenue | $94,596,895 | $93,878,754 | $88,308,947 | $154,746,645 | $87,221,273 |
| Expenses | 2025 | 2024 | 2023 | 2022 | 2021 |
| Program services | $75,183,627 | $72,372,093 | $73,107,381 | $72,413,257 | $65,062,782 |
| Management and general | $9,942,916 | $10,236,886 | $10,071,560 | $9,601,174 | $7,633,712 |
| Fundraising | $11,181,921 | $10,073,500 | $10,320,729 | $10,932,065 | $11,078,995 |
| Total expenses | $96,308,464 | $92,682,479 | $93,499,670 | $92,946,496 | $83,775,489 |
| Change in net assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Surplus (deficit) | ($1,711,569) | $1,196,275 | ($5,190,723) | $61,800,149 | $3,445,784 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | ($1,711,569) | $1,196,275 | ($5,190,723) | $61,800,149 | $3,445,784 |
Compensation
| Name | Title | Compensation |
| Carlette Mack Chief People | Culture, & Inclusion, Thru Aug 2024 | $568,066 |
| William Bedrossian | President & CEO | $535,850 |
| Jill Vorndran | Chief Development Officer | $487,832 |
| John Ducoff | Chief Legal Officer/Secretary | $458,963 |
| Leslie McGuire | Chief Program Officer | $449,317 |
| Pamela Kournetas | Treasurer/Cfo, Thru June 2025 | $423,892 |
| Virginia Pryor | Chief Strategy Officer | $387,858 |
| Thomas Monaghan | SVP, Key Partnerships | $383,912 |
| Daniel Karp | SVP, Integrated Direct Marketing | $340,100 |
| Lenore Haas | SVP, Finance | $288,526 |
| Courtney Underwood | SVP, People and Culture | $267,221 |
| Gina Bulter | SVP, Key Relationships | $266,837 |
Compensation data as of: 6/30/2025
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 2/27/2026. To update the information below, please email: [email protected]
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.