Covenant Christian Academy

Analysis

Covenant Christian Academy is a registered charity in United States, based in Harrisburg, PA. It received its IRS tax-exemption ruling in November 1997, 29 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 2023, Covenant Christian Academy reported income of $2.7m and spending of $2.4m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $2.7m (+47%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 83%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Covenant Christian Academy sits at the 84th percentile: it is larger than about 84% 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 Fuse Preschool Inc ($2.7m), Dudley E Chambers Foundation ($2.7m) and Cristo Rey Orange County High School Inc ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 34% and program service revenue 70% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $6.2m against liabilities of $3.3m, net assets of $2.9m. It reported 62 employees.