Covenant Christian Academy of Warrenton Virginia

Analysis

Covenant Christian Academy of Warrenton Virginia is a registered charity in United States, based in Warrenton, VA. It received its IRS tax-exemption ruling in October 2014, 12 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 Academy of Warrenton Virginia reported income of $2.9m and spending of $2.7m, spending 92% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.2m to $2.9m (+137%), an average of +19% a year. The sharpest change came in the year to June 2020, when income rose by 59%. Over the whole period it spent 94% 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 of Warrenton Virginia 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 89th percentile, and in the 89th percentile within VA. Charities of a similar size with the same main cause include DC Charter School Alliance ($2.9m), St Martin de Porres Academy Inc ($2.9m) and Maui Christian Academy ($2.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 4.6% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $71k (2.6% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $4.1m against liabilities of $2.7m, net assets of $1.3m. It reported 149 employees.