New Covenant Christian Academy Inc

Analysis

New Covenant Christian Academy Inc is a registered charity in United States, based in Hardin, KY. It received its IRS tax-exemption ruling in June 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, New Covenant Christian Academy Inc reported income of $688k and spending of $456k, leaving 34% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $298k to $688k (+131%), an average of +23% a year. The sharpest change came in the year to June 2022, when income rose by 68%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Covenant Christian Academy Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within KY. Charities of a similar size with the same main cause include Launchcode 4811 Delmar Building Owner ($688k), The Blessed Child ($688k) and Silicon Valley Defense Working Group Co ($688k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $43k (9.4% of expenses). Other salaries and wages came to $181k. At year end it held assets of $416k against liabilities of $27k, net assets of $389k. It reported 24 employees.