Covenant Christian Academy Of Warrenton Virginia
EIN: 261195258 · Warrenton, VA · NTEE: B20
| Metric | Value |
|---|---|
| Total Revenue | $3.3M |
| Total Expenses | $2.7M |
| Net Assets | $1.3M |
Is Covenant Christian Academy Of Warrenton Virginia Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Covenant Christian Academy Of Warrenton Virginia
Covenant Christian Academy Of Warrenton Virginia (EIN: 261195258) is a nonprofit organization based in Warrenton, VA, classified under NTEE code B20. The organization reported total revenue of $3.3M and total assets of $4.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Covenant Christian Academy Of Warrenton Virginia's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Covenant Christian Academy Of Warrenton Virginia is a mid-size nonprofit that has been operating for 12 years, with 10 years of IRS 990 filings on record (2014–2024). Revenue has grown at a compound annual rate of 23.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.9M |
| Total Expenses | $2.7M |
| Surplus / Deficit | +$228K |
| Total Assets | $4.1M |
| Total Liabilities | $2.7M |
| Net Assets | $1.3M |
| Operating Margin | 7.7% |
| Debt-to-Asset Ratio | 67.3% |
| Months of Reserves | 17.9 months |
Financial Health Grade: A
In 2024, Covenant Christian Academy Of Warrenton Virginia reported a surplus of $228K with revenue exceeding expenses, holds 17.9 months of operating reserves (strong position), has a debt-to-asset ratio of 67.3% (high leverage).
Financial Trends
Over 10 years of filings (2014–2024), Covenant Christian Academy Of Warrenton Virginia's revenue has grown at a compound annual growth rate (CAGR) of 23.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +3.9% | +4.8% | -7.9% |
| 2023 | -1.7% | +5.8% | +187.8% |
| 2022 | +34.0% | +19.0% | +66.7% |
| 2021 | +9.3% | +15.3% | +3.5% |
| 2020 | +58.5% | +16.1% | +56.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Covenant Christian Academy Of Warrenton Virginia 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 Christian Academy Of Warrenton Virginia 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $228K, with revenue exceeding expenses.
- Debt-to-asset ratio: 67.3%.
Frequently Asked Questions about Covenant Christian Academy Of Warrenton Virginia
Is Covenant Christian Academy Of Warrenton Virginia a legitimate charity?
Covenant Christian Academy Of Warrenton Virginia (EIN: 261195258) is a registered tax-exempt nonprofit based in Virginia. It has 10 years of IRS 990 filings on record. Total revenue: $3.3M. No red flags identified. Financial health grade: A.
How does Covenant Christian Academy Of Warrenton Virginia spend its money?
Covenant Christian Academy Of Warrenton Virginia reported $3.3M in total revenue in IRS 990 filings. 10 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Covenant Christian Academy Of Warrenton Virginia tax-deductible?
Covenant Christian Academy Of Warrenton Virginia is registered as a tax-exempt nonprofit (EIN: 261195258). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Covenant Christian Academy Of Warrenton Virginia located?
Covenant Christian Academy Of Warrenton Virginia is headquartered in Warrenton, Virginia and files with the IRS under EIN 261195258. It is classified under NTEE code B20.
How many years of IRS 990 filings does Covenant Christian Academy Of Warrenton Virginia have?
Covenant Christian Academy Of Warrenton Virginia has 10 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 $3.3M in total revenue.
Filing History
IRS 990 filing history for Covenant Christian Academy Of Warrenton Virginia showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2024), Covenant Christian Academy Of Warrenton Virginia's revenue has grown by 752.6%, moving from $346K to $2.9M. Total assets increased by 3373.1% over the same period, from $117K to $4.1M. Total functional expenses rose by 833.1%, from $291K to $2.7M. In its most recent filing year (2024), Covenant Christian Academy Of Warrenton Virginia reported a surplus of $228K, with revenue exceeding expenses. The organization holds $2.7M in liabilities against $4.1M in assets (debt-to-asset ratio: 67.3%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2.9M | $2.7M | $4.1M | $2.7M | — | View 990 |
| 2023 | $2.8M | $2.6M | $4.4M | $3.3M | — | View 990 |
| 2022 | $2.9M | $2.5M | $1.5M | $674K | — | View 990 |
| 2021 | $2.2M | $2.1M | $919K | $494K | — | View 990 |
| 2020 | $2.0M | $1.8M | $888K | $556K | — | View 990 |
| 2019 | $1.2M | $1.5M | $566K | $418K | — | View 990 |
| 2018 | $1.1M | $919K | $456K | $11K | — | View 990 |
| 2017 | $626K | $496K | $270K | $0 | — | — |
| 2016 | $362K | $360K | $140K | $0 | — | — |
| 2014 | $346K | $291K | $117K | $3K | — | — |
Year-by-Year Financial Summary
- 2024: Revenue of $2.9M, expenses of $2.7M, and assets of $4.1M (revenue +3.9% year-over-year).
- 2023: Revenue of $2.8M, expenses of $2.6M, and assets of $4.4M (revenue -1.7% year-over-year).
- 2022: Revenue of $2.9M, expenses of $2.5M, and assets of $1.5M (revenue +34.0% year-over-year).
- 2021: Revenue of $2.2M, expenses of $2.1M, and assets of $919K (revenue +9.3% year-over-year).
- 2020: Revenue of $2.0M, expenses of $1.8M, and assets of $888K (revenue +58.5% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.5M, and assets of $566K (revenue +13.6% year-over-year).
- 2018: Revenue of $1.1M, expenses of $919K, and assets of $456K (revenue +74.8% year-over-year).
- 2017: Revenue of $626K, expenses of $496K, and assets of $270K (revenue +73.0% year-over-year).
- 2016: Revenue of $362K, expenses of $360K, and assets of $140K (revenue +4.6% year-over-year).
- 2014: Revenue of $346K, expenses of $291K, and assets of $117K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Covenant Christian Academy Of Warrenton Virginia:
Data Sources and Methodology
This transparency report for Covenant Christian Academy Of Warrenton Virginia 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.