Covenant Home

Charity Navigator Rating: 78% (Three-Star out of Four Star Rating)

Covenant Home has achieved a Three-Star rating from Charity Navigator, reflecting a score of 78% based solely on Accountability & Finance metrics. This rating indicates a moderate level of financial health and organizational transparency, suggesting that while the charity meets many standards of accountability, there is room for improvement in certain areas.

The organization demonstrates strong governance, with 88% of its board members being independent. This is significant as it often leads to better oversight and decision-making. Additionally, Covenant Home has policies in place concerning conflict of interest and whistleblowing, along with an effective audit and oversight committee. However, the charity received a lower score due to the absence of its tax form on its website and a concerning liabilities to assets ratio.

While Covenant Home shows strengths in financial management and board independence, the lack of available documentation and high liabilities may raise questions among potential donors. Overall, the charity's commitment to accountability is notable, but addressing the identified limitations could enhance its reputation and trustworthiness in the nonprofit sector.

This AI summary has been generated from information found on Charity Navigator.

Covenant Home is a legitimate nonprofit organization registered as a 501(c)(3) entity. Covenant Home submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Heare are some key statistics you may want to consider:

Executive Compensation: $404,715
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,286,431

For more financial information, click here

Official website here: www.covliving.org