Covenant Classical School

Analysis

Covenant Classical School is a registered charity in United States, based in Fort Worth, TX. 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 July 2023, Covenant Classical School reported income of $8.8m and spending of $8.1m, spending 92% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $8.7m to $8.8m (+1.5%), an average of +0.4% a year. The sharpest change came in the year to July 2021, when income rose by 44%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Covenant Classical School 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 Calais School ($8.8m), G-Star School of the Arts Inc ($8.8m) and Central Minnesota Educational Research & Development Council ($8.8m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 17% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $180k (2.2% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $27.0m against liabilities of $8.3m, net assets of $18.8m. It reported 144 employees.