Covenant Christian Schools of Indianapolis Inc

Analysis

Covenant Christian Schools of Indianapolis Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in October 1996, 30 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 Schools of Indianapolis Inc reported income of $7.4m and spending of $5.8m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.5m to $7.4m (+35%), an average of +7.8% a year. The sharpest change came in the year to June 2023, when income rose by 38%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Covenant Christian Schools of Indianapolis Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IN. Charities of a similar size with the same main cause include Mighty Writers ($7.4m), Cabrillo College Foundation ($7.4m) and Mater Dei School Inc ($7.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $261k (4.5% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $8.4m against liabilities of $909k, net assets of $7.5m. It reported 114 employees.