Religion-Related
(X80)
990 on File
COVENANT RENEWAL MINISTRIES INCORPORATED
Financial strength (30%)
90/100
Reliability (20%)
55/100
Effectiveness (25%)
51/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Financial Overview — FY 2024
$101K
Total Revenue
$106K
Total Expenses
$44K
Net Assets
N/A
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
76.7%
Fundraising Efficiency
N/A
Operating Reserve
4.98x
Liability-to-Asset
16.9%
Revenue Diversification
100.0%
Compared with Peers
FY 2024
Compared with 8,453 similar organizations
(United States, Religion-Related, $100K–$1M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
76.7% | 87.8% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
5.0 mo | 7.9 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
16.9% | 0.5% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
100.0% | 99.6% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
3.2% | 6.0% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
2.9% | 6.9% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-5.2% | 2.1% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $101K | $106K | $44K | 76.7% | — |
| 2023 | $98K | $103K | $49K | 75.8% | — |
| 2022 | $105K | $101K | $55K | 75.5% | — |
| 2021 | $191K | $90K | N/A | — | 1 |
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