Covenant School of Bridgeport Inc

Analysis

Covenant School of Bridgeport Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in October 2022, 4 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 School of Bridgeport Inc reported income of $670k and spending of $99k, leaving 85% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $27k to $670k (+2378%), an average of +2378% a year. The sharpest change came in the year to June 2023, when income rose by 2378%. Over the whole period it spent 16% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Covenant School of Bridgeport Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within CT. Charities of a similar size with the same main cause include Heritage Park Preschool ($670k), Lutheran School Services Organization Inc ($670k) and Hyde Park Institute ($669k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $57k (57% of expenses). At year end it held assets of $587k against liabilities of $1,751, net assets of $585k. It reported 1 employees.