Association for Covenantal Reformed Education

Analysis

Association for Covenantal Reformed Education is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in November 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Association for Covenantal Reformed Education reported income of $890k and spending of $699k, leaving 21% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $475k to $890k (+88%), an average of +37% a year. The sharpest change came in the year to December 2022, when income rose by 77%. Over the whole period it spent 75% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Association for Covenantal Reformed Education sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within MI. Charities of a similar size with the same main cause include Centered for Life Inc ($890k), Al Horreya Inc ($890k) and Chofetz Chaim Heritage of Lakewood Inc ($890k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 49% of the total. Other salaries and wages came to $471k. At year end it held assets of $1.3m against liabilities of $714k, net assets of $555k. It reported 23 employees.