Colleyville Covenant Christian Academy

Analysis

Colleyville Covenant Christian Academy is a registered charity in United States, based in Colleyville, TX. It received its IRS tax-exemption ruling in April 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 July 2023, Colleyville Covenant Christian Academy reported income of $10.4m and spending of $10.0m, spending 96% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $8.9m to $10.4m (+18%), an average of +4.1% a year. The sharpest change came in the year to July 2021, when income rose by 18%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Colleyville Covenant Christian Academy sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Seven Arrows Elementary School ($10.4m), Laurus Collegiate Inc ($10.4m) and Nysernetorg Inc ($10.4m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 8.8% and program service revenue 91% of the total. Other salaries and wages came to $5.0m. At year end it held assets of $26.0m against liabilities of $15.6m, net assets of $10.5m. It reported 188 employees.