Covenant Classical Community School
EIN: 842286508 · Hampton, VA · NTEE: B20
Is Covenant Classical Community School Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Covenant Classical Community School
Covenant Classical Community School (EIN: 842286508) is a nonprofit organization based in Hampton, VA, classified under NTEE code B20. The organization reported total revenue of $632K and total assets of $233K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Covenant Classical Community School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Covenant Classical Community School is a small nonprofit that has been operating for 6 years, with 5 years of IRS 990 filings on record (2020–2024). Revenue has grown at a compound annual rate of 34.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $523K |
| Total Expenses | $524K |
| Surplus / Deficit | $-1,029 |
| Total Assets | $240K |
| Net Assets | $240K |
| Operating Margin | -0.2% |
| Months of Reserves | 5.5 months |
Financial Health Grade: B
In 2024, Covenant Classical Community School reported a deficit of $1K with expenses exceeding revenue, holds 5.5 months of operating reserves (adequate).
Financial Trends
Over 5 years of filings (2020–2024), Covenant Classical Community School's revenue has grown at a compound annual growth rate (CAGR) of 34.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +5.9% | +30.5% | -0.5% |
| 2023 | +44.3% | +21.2% | +62.1% |
| 2022 | +10.7% | +51.5% | +7.9% |
| 2021 | +91.9% | +92.3% | +189.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Covenant Classical Community School 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 Classical Community School 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 deficit of $1K, with expenses exceeding revenue.
Frequently Asked Questions about Covenant Classical Community School
Is Covenant Classical Community School a legitimate charity?
Based on AI analysis of IRS 990 filings, Covenant Classical Community School (EIN: 842286508) insufficient data. 0 red flags identified, 0 strengths noted.
How does Covenant Classical Community School spend its money?
Detailed spending breakdown data is not yet available for Covenant Classical Community School. Check back for updated IRS 990 analysis.
Are donations to Covenant Classical Community School tax-deductible?
Covenant Classical Community School is registered as a tax-exempt nonprofit (EIN: 842286508). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Covenant Classical Community School showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2020–2024), Covenant Classical Community School's revenue has grown by 224.6%, moving from $161K to $523K. Total assets increased by 403.6% over the same period, from $48K to $240K. Total functional expenses rose by 360.6%, from $114K to $524K. In its most recent filing year (2024), Covenant Classical Community School reported a deficit of $1K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $523K | $524K | $240K | $0 | — | — |
| 2023 | $494K | $402K | $241K | $91 | — | View 990 |
| 2022 | $342K | $331K | $149K | $0 | — | View 990 |
| 2021 | $309K | $219K | $138K | $135 | — | View 990 |
| 2020 | $161K | $114K | $48K | $326 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $523K, expenses of $524K, and assets of $240K (revenue +5.9% year-over-year).
- 2023: Revenue of $494K, expenses of $402K, and assets of $241K (revenue +44.3% year-over-year).
- 2022: Revenue of $342K, expenses of $331K, and assets of $149K (revenue +10.7% year-over-year).
- 2021: Revenue of $309K, expenses of $219K, and assets of $138K (revenue +91.9% year-over-year).
- 2020: Revenue of $161K, expenses of $114K, and assets of $48K.
Data Sources and Methodology
This transparency report for Covenant Classical Community School 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.