Covenant Christian Assembly

Analysis

Covenant Christian Assembly is a registered charity in United States, based in Tuscumbia, AL. It received its IRS tax-exemption ruling in April 2000, 26 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, Covenant Christian Assembly reported income of $1.9m and spending of $2.2m, spending 114% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.4m to $1.9m (+39%), an average of +8.6% a year. The sharpest change came in the year to June 2024, when income rose by 22%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Covenant Christian Assembly sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within AL. Charities of a similar size with the same main cause include Xposure Foundation Inc ($1.9m), Lsu in Shreveport Foundation Inc ($1.9m) and Southern Scholarship Foundation Inc ($1.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 13% and program service revenue 87% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $2.6m against liabilities of $1.5m, net assets of $1.1m. It reported 55 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.