Covenant Community School Inc

Analysis

Covenant Community School Inc is a registered charity in United States, based in Lake City, FL. It received its IRS tax-exemption ruling in March 2007, 19 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 December 2022, Covenant Community School Inc reported income of $1.2m and spending of $982k, spending 85% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $656k to $1.2m (+76%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 47%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Covenant Community School Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include Rutland Free Library Association Inc T-A Rutland Free Library ($1.2m), Rogue Climate ($1.2m) and Cirque Lodge Foundation ($1.2m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. Other salaries and wages came to $537k. At year end it held assets of $411k against liabilities of $26k, net assets of $385k. It reported 25 employees.