New Covenant School Inc

Analysis

New Covenant School Inc is a registered charity in United States, based in Lexington, MA. It received its IRS tax-exemption ruling in February 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 June 2023, New Covenant School Inc reported income of $1.2m and spending of $1.2m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $945k to $1.2m (+25%), an average of +5.7% a year. The sharpest change came in the year to June 2020, when income rose by 25%. 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, New Covenant School Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MA. Charities of a similar size with the same main cause include Cotton Bowl Foundation ($1.2m), Shelter Island Public Library ($1.2m) and Highland Park Sports Club ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. Other salaries and wages came to $784k. At year end it held assets of $1.1m against liabilities of $837k, net assets of $296k. It reported 37 employees.