The Covenant Preparatory School

Analysis

The Covenant Preparatory School is a registered charity in United States, based in Kingwood, TX. It received its IRS tax-exemption ruling in December 1993, 33 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, The Covenant Preparatory School reported income of $6.5m and spending of $3.7m, leaving 43% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income grew from $4.7m to $6.5m (+36%), an average of +8.0% a year. The sharpest change came in the year to July 2023, when income rose by 71%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Covenant Preparatory School sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Steamboat Springs Education Fund ($6.5m), Los Angeles City College Foundation ($6.5m) and Loneman School Corporation ($6.5m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 2.0% and program service revenue 56% of the total. Other salaries and wages came to $2.2m. At year end it held assets of $6.5m against liabilities of $1.1m, net assets of $5.4m. It reported 78 employees.