COVENANT HOUSE NEW JERSEY INC
Mission Statement
Covenant House's 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. Our work is guided by a mission to serve youth with absolute respect and unconditional love and to protect and safeguard all children in need regardless of race, creed, religion, ethnic origin, or sexual orientation. In support of our mission, Covenant House is guided by five principles. 1. Immediacy – Covenant House immediately meets the basic needs of youth experiencing homelessness through a nourishing meal, a shower, clean clothes, medical attention, and a safe place to sleep. 2. Sanctuary – Covenant House provides a safe haven from the hardships of homelessness. We recognize the fundamental worth of every human being, and create a safe setting where all youth – regardless of life experience or identity – are served without judgement. 3. Value communication – Covenant House leads by example to demonstrate that caring relationships are based on love, trust, respect, and honesty. 4. Structure –Covenant House provides the stability and structure necessary to build a positive future. 5. Choice – Covenant House fosters confidence; encouraging young people to believe in themselves and make informed choices for their lives.
Financial Overview — FY 2023
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
84.5% | 87.4% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
5.4% | 11.3% |
P10P90
|
Top quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
10.1% | 0.2% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
1388.0% | 426.4% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
13.1 mo | 6.3 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
22.8% | 34.8% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
101.5% | 93.0% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
-9.1% | 6.5% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
10.4% | 8.1% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-5.2% | 1.2% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $14.6M | $15.3M | $16.7M | 84.5% | 183 |
| 2022 | $16.0M | $13.9M | $17.3M | 84.3% | 185 |
| 2021 | $13.3M | $12.9M | N/A | — | 180 |
Donor Reviews
Write a ReviewBe the first to share your experience with this organization.