Covenant Community School Inc
Covenant Community School Inc shows strong revenue growth and asset accumulation with no reported officer compensation.
EIN: 204173225 · Lake City, FL · NTEE: B240 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $982K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $385K |
| Transparency Score | 90/100 |
Search Intent Cockpit
Covenant Community School Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Covenant Community School Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Covenant Community School Inc in one place.
Form 990 Filing Summary
12 filing years are available, with latest revenue of $1.2M and expenses of $982K.
Revenue and Expenses
Covenant Community School Inc reported $1.2M in revenue and $982K in expenses, a surplus of $176K.
Executive Compensation
Top officer compensation appears as $1 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
90/100 mission score, 2 red flags, and 5 strengths are shown from structured and AI review.
Is Covenant Community School Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $884K (90%) |
Across stored filings, Covenant Community School Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade A | 12 stored filing years |
| Peer context | Compare with Cornelia Warren Community Assn Inc | Florida and Education context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
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Local and Sector Spokes
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Lake City, FL nonprofitsEducation in Florida
Education in Florida
Follow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
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Keep the Investigation Moving
Covenant Community School Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Covenant Community School Inc
Covenant Community School Inc (EIN: 204173225) is a nonprofit organization based in Lake City, FL, classified under NTEE code B240. The organization reported total revenue of $1.4M and total assets of $833K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Covenant Community School Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Covenant Community School Inc is a mid-size nonprofit that has been operating for 19 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 12.0%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $982K |
| Surplus / Deficit | +$176K |
| Total Assets | $411K |
| Total Liabilities | $26K |
| Net Assets | $385K |
| Operating Margin | 15.2% |
| Debt-to-Asset Ratio | 6.3% |
| Months of Reserves | 5.0 months |
Financial Health Grade: A
In 2022, Covenant Community School Inc reported a surplus of $176K with revenue exceeding expenses, holds 5.0 months of operating reserves (adequate), has a debt-to-asset ratio of 6.3% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2022), Covenant Community School Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +25.4% | +19.0% | +122.2% |
| 2021 | +47.2% | +23.0% | +109.7% |
| 2020 | -4.4% | -4.9% | +0.8% |
| 2019 | -4.7% | -4.7% | -39.0% |
| 2018 | -1.4% | +7.1% | -17.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Covenant Community School Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Covenant Community School Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $176K, with revenue exceeding expenses.
- Debt-to-asset ratio: 6.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either volunteer-based or compensated through non-officer channels, which is highly unusual for an organization of its size with over $1 million in revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Covenant Community School Inc's IRS 990 filings:
- Unusually low liabilities relative to assets, which could warrant further investigation into financial structure.
- Consistent 0% officer compensation for an organization of this size, which is atypical and might suggest alternative compensation structures or a fully volunteer leadership that should be clearly disclosed.
Strengths
The following positive indicators were identified for Covenant Community School Inc:
- Strong and consistent revenue growth, nearly doubling from $627,587 in 2020 to $1,158,337 in 2022.
- Significant asset accumulation, growing from $88,105 in 2020 to $833,045 currently, indicating financial stability.
- Consistent generation of financial surpluses in recent years (e.g., $982,296 expenses vs. $1,158,337 revenue in 2022).
- Low liabilities relative to assets, demonstrating a healthy balance sheet.
- Consistent reporting of 0% officer compensation, suggesting a high proportion of funds may go directly to programs.
Frequently Asked Questions about Covenant Community School Inc
Is Covenant Community School Inc a legitimate charity?
Covenant Community School Inc (EIN: 204173225) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 90/100. It has 12 years of IRS 990 filings on record. Total revenue: $1.4M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Covenant Community School Inc spend its money?
Covenant Community School Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Covenant Community School Inc tax-deductible?
Covenant Community School Inc is registered as a tax-exempt nonprofit (EIN: 204173225). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Covenant Community School Inc CEO make?
Covenant Community School Inc's highest-compensated officer earns $1 annually. The organization reported $1.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Covenant Community School Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Covenant Community School Inc is above average for NTEE category B240 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Covenant Community School Inc located?
Covenant Community School Inc is headquartered in Lake City, Florida and files with the IRS under EIN 204173225. It is classified under NTEE code B240.
How many years of IRS 990 filings does Covenant Community School Inc have?
Covenant Community School Inc has 12 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 $1.4M in total revenue.
Is Covenant Community School Inc a good charity?
Based on its strong financial growth, consistent asset accumulation, and reported 0% officer compensation, Covenant Community School Inc appears to be a financially healthy and efficient organization. Its consistent surplus generation and low liabilities are positive indicators.
How has the organization's financial health changed over time?
The organization has shown significant financial improvement, transitioning from periods of expense exceeding revenue (e.g., 2018-2020) to consistent surpluses in recent years (e.g., 2021 and 2022). Revenue has nearly doubled from $627,587 in 2020 to $1,158,337 in 2022, and assets have grown substantially from $88,105 in 2020 to $410,545 in 2022, and further to $833,045 currently.
What is the significance of 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based or compensated through mechanisms not classified as officer compensation on the 990 form. This can indicate a high dedication to mission and efficient use of funds, as no direct salaries are being paid to top executives from the reported figures.
Filing History
IRS 990 filing history for Covenant Community School Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Covenant Community School Inc's revenue has grown by 246.2%, moving from $335K to $1.2M. Total assets increased by 262% over the same period, from $113K to $411K. Total functional expenses rose by 177.7%, from $354K to $982K. In its most recent filing year (2022), Covenant Community School Inc reported a surplus of $176K, with revenue exceeding expenses. The organization holds $26K in liabilities against $411K in assets (debt-to-asset ratio: 6.3%), resulting in net assets of $385K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $1.2M | $982K | $411K | $26K | — | View 990 |
| 2021 | $924K | $826K | $185K | $35K | — | View 990 |
| 2020 | $628K | $671K | $88K | $67K | — | — |
| 2019 | $656K | $706K | $87K | $32K | — | View 990 |
| 2018 | $689K | $742K | $143K | $38K | — | View 990 |
| 2017 | $699K | $692K | $173K | $15K | — | View 990 |
| 2016 | $701K | $629K | $165K | $13K | — | View 990 |
| 2015 | $598K | $541K | $166K | $86K | — | View 990 |
| 2014 | $484K | $492K | $116K | $93K | — | View 990 |
| 2013 | $457K | $450K | $124K | $93K | — | View 990 |
| 2012 | $371K | $394K | $109K | $85K | — | View 990 |
| 2011 | $335K | $354K | $113K | $66K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $1.2M, expenses of $982K, and assets of $411K (revenue +25.4% year-over-year).
- 2021: Revenue of $924K, expenses of $826K, and assets of $185K (revenue +47.2% year-over-year).
- 2020: Revenue of $628K, expenses of $671K, and assets of $88K (revenue -4.4% year-over-year).
- 2019: Revenue of $656K, expenses of $706K, and assets of $87K (revenue -4.7% year-over-year).
- 2018: Revenue of $689K, expenses of $742K, and assets of $143K (revenue -1.4% year-over-year).
- 2017: Revenue of $699K, expenses of $692K, and assets of $173K (revenue -0.3% year-over-year).
- 2016: Revenue of $701K, expenses of $629K, and assets of $165K (revenue +17.2% year-over-year).
- 2015: Revenue of $598K, expenses of $541K, and assets of $166K (revenue +23.5% year-over-year).
- 2014: Revenue of $484K, expenses of $492K, and assets of $116K (revenue +5.9% year-over-year).
- 2013: Revenue of $457K, expenses of $450K, and assets of $124K (revenue +23.3% year-over-year).
- 2012: Revenue of $371K, expenses of $394K, and assets of $109K (revenue +10.8% year-over-year).
- 2011: Revenue of $335K, expenses of $354K, and assets of $113K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Covenant Community School Inc:
Data Sources and Methodology
This transparency report for Covenant Community School Inc 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.