North Covenant Investments Limited — Registered Charity in Auckland

North Covenant Investments Limited is a Trust charity, based in Auckland, Auckland. CharityData rates this charity C+ (65.5/100). Annual revenue: $0.3M NZD. Financial data as at June 2025.

Mission: Investing for Charitable Owners

Registration Number
CC39699
Charity Type
Trust
Registration Date
2009-04-30
Status
Active
CharityData Rating
C+ (65.5/100)
Location
Auckland, Auckland
Email
covenant-accounts@baptist.org.nz
Data as at
June 2025

Beneficiaries: Religious groups

Financial Summary

Total Revenue
$0.3M NZD
Total Expenses
$0.8M NZD
Total Assets
$29.6M NZD
Net Assets
$18.1M NZD
Reserve Months
2.0 months of operating expenses
Volunteers
0
Financial Year End
2025-06-30

Financial History

YearRevenueExpensesNet Assets
2025$0.3M$0.8M$18.1M
2024$0.6M$0.6M$0.0M
2023$0.8M$0.7M$5.8M
2022$0.7M$0.6M$5.9M
2021$0.7M$0.6M$5.8M
2020$0.6M$0.6M$2.8M
2019$0.6M$0.5M$2.7M
2018$0.5M$0.5M$2.7M
2017$0.5M$0.5M$2.7M
2016$0.5M$0.5M$0.4M

CharityData Rating

Overall Grade
C+
Overall Score
65.5/100
Financial Score
70
Governance Score
55
Transparency Score
65

Board Members and Officers

Current Officers (1)

NameRoleAppointed
Adrienne ClelandDirector2026-05-07

Former Officers (15)

  • Grant Harris — Trustee
  • Santhosh George — Director
  • Mark Powell — Director (departed 2025-08-20)
  • Wayne Schache — Director
  • Reti Ah-Voa — Director (departed 2024-04-01)
  • Elisabeth Wilson — Director (departed 2025-02-04)
  • Winston Hema — Director (departed 2020-06-24)
  • Christine Berry — Director (departed 2024-04-01)
  • Wayne Boyd — Director (departed 2022-12-07)
  • John Smeaton — Director (departed 2015-08-31)
  • Daniel Palmer — Director (departed 2018-02-02)
  • Kelvyn Fairhall — Director (departed 2012-06-21)
  • Graeme Smith — Director (departed 2016-02-23)
  • Maurice Cavaney — Director (departed 2014-06-05)
  • Roger Nicholson — Director (departed 2024-04-01)

Similar Charities in Other

OtherTrust

North Covenant Investments Limited

CC39699Auckland, AucklandRegistered 30 Apr 2009
Data updated: 5 days ago
Financials30 Jun 2025Rating3d ago

Financial data as at June 2025. Sourced from Charities Services register.

C+
66/100
Financial
70
Governance
55
Transparency
65

Reasons to look carefully (1)

These structural observations are drawn from public data and are worth considering before a donation. They are not allegations of wrongdoing, and they don’t affect the charity’s letter grade.

  • No chair recorded on the register
    No chair or presiding role is recorded in the register for this board of 4. The Charities Register does not require one to be identified, so this is a gap in the public record rather than a finding about the board.

Each signal is a data-driven observation, not a judgement. They fire automatically from the figures filed with Charities Services. A charity can address any of these by filing fuller disclosure or updating its officer register. Methodology: /about/methodology/concern-signals.

Revenue

$335.4K

Expenses

$782.1K

Assets

$29.6M

Financial data from Charities Services annual return (FY2025). Ratings calculated using CharityData v3.1.1 methodology.

Endowment Foundation

Special Entity Type

This is an endowment foundation that holds investments and provides grants. High reserves are expected and appropriate - this is not an operating charity.

Rating Note: Endowment foundations are rated using specialized criteria that recognize high reserves as appropriate. Metrics like grant distribution rate and investment returns are prioritized over program spending ratios.

About

Mission

Investing for Charitable Owners

Who We Serve

Beneficiaries
Religious groups

Key Statistics

Annual Revenue
$335.4K
Total Expenses
$782.1K
Net Assets
$18.1M
Volunteers
0

Financial Trends

Financial Trends (16 Years)

Revenue Breakdown

Expense Breakdown

API Data

Based on annual return data. Detailed program/admin breakdown not available.

Financial Health Dashboard

Cents to the Cause
100c
For every $1 spent, 100c reaches programs
Strong
Sustainability
2mo
Could operate 2 months with zero revenue
Critical
Fundraising Cost
-
No fundraising data
No data

Based on latest annual return data. Metrics are calculated from reported financial data and may not reflect the full picture. View methodology

Revenue Diversification

0
Score /100
Highly Concentrated
HHI: 10,000
High Concentration: 100% of revenue from Other
Other100.0%
Investment Income0.0%

HHI (Herfindahl–Hirschman Index) measures concentration across 6 income categories. Lower HHI = more diversified. Score above 60 indicates healthy diversification.

Peer Comparison

Ranked against 118 peers · Other · $100K – $1M

Rating Score
66
#43/119
Revenue
$335K
#60/119
Reserve Months
2.0
#1/119
Surplus
$-447K
#118/119
Staff Cost %
0%
#1/119

Peers are charities in the same sector and revenue size band. Rankings are based on the latest available data.

Rating

C+
Score: 65.5/100
Financial
70
Governance
55
Transparency
65
Why this grade: Financial 70 × 40% + Governance 55 × 60% = 61 → C+.
View Full Score Breakdown

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Contact Details

Address
Auckland, Auckland

Registration

Registration NumberCC39699
Entity TypeTrust
Registered30 Apr 2009
StatusRegistered

Companies Office

StatusRegistered
Entity TypeNZ Limited Company
Incorporated19 Jan 2009
Company #2203706
Registered office
1 Marewa Road, Greenlane, Auckland, 1051

Sector & Activities

Primary Sector
Other
Activities
Provides human resources (e.g. staff / volunteers)

Data sourced from Charities Services register and publicly available annual returns. Our datasets may not be complete. Automated analysis can produce errors. Scores are calculated using disclosed methodology and are analytical tools, not investment ratings or recommendations. If you believe any data on this page is incorrect, please contact us at hello@charitydata.co.nz. For informational purposes only. Not investment advice. Last updated: 29 September 2026.