Covenant Classical School

Analysis

Covenant Classical School is a registered charity in United States, based in Naperville, IL. It received its IRS tax-exemption ruling in December 2010, 16 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 Classical School reported income of $1.6m and spending of $1.6m, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.7m to $1.6m (-5.5%), an average of -1.9% a year. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Covenant Classical School sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within IL. Charities of a similar size with the same main cause include Friends of the University of Auckland Inc ($1.6m), National Agriculture in the Classroom Organization-Naitc-Inc ($1.6m) and Bowling Green Christian Academy ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $173k (11% of expenses). Other salaries and wages came to $815k. At year end it held assets of $1.5m against liabilities of $895k, net assets of $589k. It reported 28 employees.