Christ Covenant School

Analysis

Christ Covenant School is a registered charity in United States, based in Winterville, NC. It received its IRS tax-exemption ruling in December 1999, 27 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 2024, Christ Covenant School reported income of $4.3m and spending of $3.6m, spending 85% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.9m to $4.3m (+46%), an average of +9.8% a year. The sharpest change came in the year to June 2021, when income rose by 26%. 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, Christ Covenant School sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NC. Charities of a similar size with the same main cause include Classical School of Wichita Association ($4.3m), San Diego Public Library Foundation ($4.3m) and True School Inc ($4.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 15% and program service revenue 79% of the total. Other salaries and wages came to $2.0m. At year end it held assets of $6.4m against liabilities of $2.2m, net assets of $4.2m. It reported 128 employees.