Covenant Christian Inc

Analysis

Covenant Christian Inc is a registered charity in United States, based in Cumming, GA. It received its IRS tax-exemption ruling in November 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Covenant Christian Inc reported income of $2.8m and spending of $2.8m, spending 101% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.9m to $2.8m (+47%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 31%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Covenant Christian Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within GA. Charities of a similar size with the same main cause include Mechanical Contractors Apprentice- Ship & Training Reimbursement Fund ($2.8m), Phoenix Montessori Academy ($2.8m) and Green Lake Preschool and Childcare Center ($2.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 12% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $131k (4.7% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $3.0m against liabilities of $2.3m, net assets of $741k. It reported 54 employees.