Covenant Grace Christian Academy Inc

Analysis

Covenant Grace Christian Academy Inc is a registered charity in United States, based in Lake Charles, LA. It received its IRS tax-exemption ruling in November 2012, 14 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 Grace Christian Academy Inc reported income of $3.2m and spending of $454k, leaving 86% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $284k to $3.2m (+1018%), an average of +124% a year. The sharpest change came in the year to June 2023, when income rose by 1007%. Over the whole period it spent 31% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Covenant Grace Christian Academy Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within LA. Charities of a similar size with the same main cause include Academy Services Corporation ($3.2m), North Carolina High School for Accelerated Learning - Wake ($3.2m) and Ohio Association of Community Colleges ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $36k (7.9% of expenses). At year end it held assets of $2.9m against liabilities of $4,172, net assets of $2.9m. It reported 15 employees.