Covenant Community School Inc

Analysis

Covenant Community School Inc is a registered charity in United States, based in Gastonia, NC. It received its IRS tax-exemption ruling in January 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 December 2023, Covenant Community School Inc reported income of $171k and spending of $196k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $176k to $171k (-2.9%), an average of -0.7% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Covenant Community School Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within NC. Charities of a similar size with the same main cause include St John Paul II Academy of Auburn Inc ($171k), Beta Lambda Educational Foundation ($171k) and Stan Friesen Senior Trip Inc ($171k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.3% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $42k (22% of expenses). Other salaries and wages came to $103k. At year end it held assets of $71k against liabilities of $6,367, net assets of $64k. It reported 25 employees.