Covenant Knights School

Analysis

Covenant Knights School is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in August 1997, 29 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 Knights School reported income of $17.5m and spending of $15.6m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.5m to $17.5m (+20%), an average of +4.7% a year. The sharpest change came in the year to June 2020, when income rose by 16%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Covenant Knights School sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Brite Divinity School ($17.4m), University Academy ($17.5m) and Angelo State University Foundation Inc ($17.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 79% of the total. Other salaries and wages came to $7.0m. At year end it held assets of $74.6m against liabilities of $46.0m, net assets of $28.6m. It reported 215 employees.