Covenant Academy In The Hills
EIN: 813076946 · Bloomfield Hills, MI · NTEE: B11
| Metric | Value |
|---|---|
| Total Revenue | $227K |
| Total Expenses | $191K |
| Net Assets | $-76,883 |
Is Covenant Academy In The Hills Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Covenant Academy In The Hills
Covenant Academy In The Hills (EIN: 813076946) is a nonprofit organization based in Bloomfield Hills, MI, classified under NTEE code B11. The organization reported total revenue of $227K and total assets of $147K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Covenant Academy In The Hills's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Covenant Academy In The Hills is a small nonprofit that has been operating for 9 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 1.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $194K |
| Total Expenses | $191K |
| Surplus / Deficit | +$3K |
| Total Assets | $140K |
| Total Liabilities | $217K |
| Net Assets | $-76,883 |
| Operating Margin | 1.6% |
| Debt-to-Asset Ratio | 155.0% |
| Months of Reserves | 8.8 months |
Financial Health Grade: A
In 2023, Covenant Academy In The Hills reported a surplus of $3K with revenue exceeding expenses, holds 8.8 months of operating reserves (strong position), has a debt-to-asset ratio of 155.0% (high leverage).
Financial Trends
Over 6 years of filings (2018–2023), Covenant Academy In The Hills's revenue has grown at a compound annual growth rate (CAGR) of 1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.1% | -23.3% | -9.5% |
| 2022 | +11.7% | +15.6% | +1593.8% |
| 2021 | -1.6% | -17.2% | -65.2% |
| 2020 | +2.5% | +35.4% | +458.0% |
| 2019 | +7.6% | +10.2% | +313.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Covenant Academy In The Hills has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Covenant Academy In The Hills with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3K, with revenue exceeding expenses.
- Debt-to-asset ratio: 155.0%.
Frequently Asked Questions about Covenant Academy In The Hills
Is Covenant Academy In The Hills a legitimate charity?
Covenant Academy In The Hills (EIN: 813076946) is a registered tax-exempt nonprofit based in Michigan. It has 6 years of IRS 990 filings on record. Total revenue: $227K. No red flags identified. Financial health grade: A.
How does Covenant Academy In The Hills spend its money?
Covenant Academy In The Hills reported $227K in total revenue in IRS 990 filings. 6 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Covenant Academy In The Hills tax-deductible?
Covenant Academy In The Hills is registered as a tax-exempt nonprofit (EIN: 813076946). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Covenant Academy In The Hills located?
Covenant Academy In The Hills is headquartered in Bloomfield Hills, Michigan and files with the IRS under EIN 813076946. It is classified under NTEE code B11.
How many years of IRS 990 filings does Covenant Academy In The Hills have?
Covenant Academy In The Hills has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $227K in total revenue.
Filing History
IRS 990 filing history for Covenant Academy In The Hills showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Covenant Academy In The Hills's revenue has grown by 6.7%, moving from $182K to $194K. Total assets increased by 12201.1% over the same period, from $1K to $140K. Total functional expenses rose by 9.5%, from $174K to $191K. In its most recent filing year (2023), Covenant Academy In The Hills reported a surplus of $3K, with revenue exceeding expenses. The organization holds $217K in liabilities against $140K in assets (debt-to-asset ratio: 155.0%), resulting in net assets of $-76,883.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $194K | $191K | $140K | $217K | — | View 990 |
| 2022 | $220K | $249K | $155K | $234K | — | View 990 |
| 2021 | $197K | $215K | $9K | $60K | — | View 990 |
| 2020 | $200K | $260K | $26K | $59K | — | View 990 |
| 2019 | $196K | $192K | $5K | $0 | — | View 990 |
| 2018 | $182K | $174K | $1K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $194K, expenses of $191K, and assets of $140K (revenue -12.1% year-over-year).
- 2022: Revenue of $220K, expenses of $249K, and assets of $155K (revenue +11.7% year-over-year).
- 2021: Revenue of $197K, expenses of $215K, and assets of $9K (revenue -1.6% year-over-year).
- 2020: Revenue of $200K, expenses of $260K, and assets of $26K (revenue +2.5% year-over-year).
- 2019: Revenue of $196K, expenses of $192K, and assets of $5K (revenue +7.6% year-over-year).
- 2018: Revenue of $182K, expenses of $174K, and assets of $1K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Covenant Academy In The Hills:
Data Sources and Methodology
This transparency report for Covenant Academy In The Hills is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.