Covenant School

Analysis

Covenant School is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in June 2017, 9 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 School reported income of $1.2m and spending of $1.2m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $582k to $1.2m (+111%), an average of +28% a year. The sharpest change came in the year to June 2021, when income rose by 37%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Covenant School sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within NC. Charities of a similar size with the same main cause include Centre for Comprehensive Motivational Interventions Society ($1.2m), Beacon Institute Inc ($1.2m) and Illinois Valley Community College Foundation ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.3% and program service revenue 95% of the total. Other salaries and wages came to $909k. At year end it held assets of $867k against liabilities of $136k, net assets of $731k. It reported 45 employees.