New Covenant Christian School Foundation

Analysis

New Covenant Christian School Foundation is a registered charity in United States, based in Lebanon, PA. It received its IRS tax-exemption ruling in September 1983, 43 years ago. 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 July 2023, New Covenant Christian School Foundation reported income of $2.7m and spending of $2.9m, spending 108% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income grew from $1.9m to $2.7m (+38%), an average of +8.5% a year. The sharpest change came in the year to July 2021, when income rose by 75%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Covenant Christian School Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within PA. Charities of a similar size with the same main cause include LA Paloma Family Services Inc ($2.7m), Support for Missions Inc ($2.7m) and World Evangelical Alliance ($2.7m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 24% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $47k (1.6% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $4.8m against liabilities of $2.4m, net assets of $2.4m. It reported 76 employees.