Human Services
(P300)
IRS Verified
DX Registered
990 on File
UNDER 21
Financial strength (30%)
70/100
Reliability (20%)
55/100
Effectiveness (25%)
88/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
Covenant House New York (CHNY) is NYC’s largest residential program for unaccompanied youth facing homelessness (primarily 18-24 years old). Serving 1,357 youth with residential services last year, our mission has been to provide immediate housing for all youth and young families in need. All of our services deploy a trauma-informed lens that emphasizes physical, psychological, and emotional safety, and creates opportunities for youth to rebuild a sense of control and empowerment in their lives.
Financial Overview — FY 2023
$32.6M
Total Revenue
$31.8M
Total Expenses
$10.4M
Net Assets
384
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
90.2%
Fundraising Efficiency
N/A
Operating Reserve
3.94x
Liability-to-Asset
63.2%
Revenue Diversification
98.8%
Executive Compensation
$615K
Compared with Peers
FY 2023
Compared with 2,996 similar organizations
(United States, Human Services, $10M–$100M in expenses), FY 2023.
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
|
90.2% | 87.4% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
7.7% | 11.3% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
2.0% | 0.2% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
3.9 mo | 6.3 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
63.2% | 34.8% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
98.8% | 93.0% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
-7.6% | 6.5% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-4.2% | 8.1% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
2.5% | 1.2% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $32.6M | $31.8M | $10.4M | 90.2% | 384 |
| 2022 | $35.3M | $33.2M | $9.7M | 91.7% | 400 |
| 2021 | $32.3M | $30.7M | N/A | — | 362 |
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