Human Services
(P300)
IRS Verified
DX Registered
990 on File
UNDER 21
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
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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