Covenant Christian Academy

Analysis

Covenant Christian Academy is a registered charity in United States, based in McAllen, TX. It received its IRS tax-exemption ruling in June 1996, 30 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 Christian Academy reported income of $2.5m and spending of $2.2m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $2.5m (+71%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 51%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Covenant Christian Academy sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include University of South Florida Alumni Association Inc ($2.5m), East Los Angeles College Foundation ($2.5m) and Christian Education Development Company ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 70% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $5.1m against liabilities of $998k, net assets of $4.1m. It reported 65 employees.