Covenant Academy
Cypress, Texas
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Good
How This Organization Compares
Compared to 4 peers in Education with $1M-$10M revenue
Working Capital Ratio (net assets ÷ expenses)
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $2,289,533↑16% | $2,347,089↑9% | $3,225,297↑2% | — |
| 2022 | $1,973,572↓1% | $2,155,148↑18% | $3,150,156 | — |
| 2021 | $1,984,987↑14% | $1,819,941↓6% | $3,144,207↑9% | — |
| 2020 | $1,746,482↑5% | $1,937,103↑1% | $2,879,840↑2% | — |
| 2019 | $1,662,160↓33% | $1,923,010↓17% | $2,818,770↓8% | — |
| 2018 | $2,480,836↑80% | $2,303,577↑55% | $3,078,785↑5% | — |
| 2017 | $1,375,520↑1% | $1,483,911↑2% | $2,938,195↓1% | — |
| 2016 | $1,360,309↑13% | $1,457,123↑15% | $2,968,937↓3% | — |
| 2015 | $1,199,197↑18% | $1,271,800↑13% | $3,067,162↓2% | — |
| 2014 | $1,012,012↑14% | $1,123,397↑6% | $3,137,979↓3% | — |
| 2013 | $885,493↓35% | $1,057,978↓17% | $3,228,481↓5% | — |
| 2012 | $1,371,384↑2% | $1,268,601↑5% | $3,414,978↑3% | — |
| 2011 | $1,348,637 | $1,206,798 | $3,317,539 | — |
Frequently Asked Questions
What does Covenant Academy do?▼
Covenant Academy is a education nonprofit organization based in Texas. It is classified under NTEE code B24 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Covenant Academy financially healthy?▼
Based on our 9-metric Financial Health Score model, Covenant Academy has a score of 68/100 (Grade: B+). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does Covenant Academy generate?▼
Covenant Academy reports $2.7M in annual revenue and holds $3.7M in total assets, based on IRS filings.