Covenant Classical Community School

Analysis

Covenant Classical Community School is a registered charity in United States, based in Hampton, VA. It received its IRS tax-exemption ruling in June 2020, 6 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 2024, Covenant Classical Community School reported income of $523k and spending of $524k, spending 100% of its income. Across the 4 years on record, from June 2021 to June 2024, income grew from $309k to $523k (+69%), an average of +19% a year. The sharpest change came in the year to June 2023, when income rose by 44%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Covenant Classical Community School sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within VA. Charities of a similar size with the same main cause include Kindness Creators Intergenerational Program NFP ($523k), James E Clyburn Scholarship and Research Foundation ($523k) and Whippanong Library Association ($523k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $36k (6.8% of expenses). Other salaries and wages came to $298k. At year end it held assets of $240k against liabilities of $0, net assets of $240k. It reported 32 employees.