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Filing year 2023

COVENANT CHRISTIAN ACADEMY INC

Peabody, Massachusetts·EIN 04-3170101·501(c)(3)
Total revenue
$8.8M
Total assets
$16.6M
Total expenses
$7.6M
Reported officers
8
Mission

Elementary and high school education for grades Pre-K through Grade 12

Executive compensation

Form 990 · Part VII & Schedule J · 3 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Head of School
Key Employee
25th percentile to median
$149k
$164k
Lower School Principal
Key Employee
25th percentile to median
$95k
$104k
CFO
25th percentile to median
$68k
$75k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Boston-Cambridge-Newton, MA-NH metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 5 unpaid individuals.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Up 29%
from 2022

From $115k in 2022 to $149k in 2023.

$115k
2022
$149k
2023
In today's dollarsEst.
Up 25% in real terms$131k to $164k

Estimated with Boston-Cambridge-Newton, MA-NH metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Key Employee pay rose 29% from 2022 to 2023, while revenue rose 19%.

$115k in 2022 to $149k in 2023.
  • Chief Financial Officer pay rose 3% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

COVENANT CHRISTIAN ACADEMY INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$7.4M
$7M
2022
$8.8M
$7.6M
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about COVENANT CHRISTIAN ACADEMY INC

What does the Key Employee of COVENANT CHRISTIAN ACADEMY INC earn?

In 2023, the Key Employee of COVENANT CHRISTIAN ACADEMY INC received $148,995 in total compensation. This pay is below the median (the midpoint) for Key Employee roles among nonprofits nationwide, across all sectors, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.

How does Key Employee pay at COVENANT CHRISTIAN ACADEMY INC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Key Employee at COVENANT CHRISTIAN ACADEMY INC falls between the 25th percentile and the median.

What are COVENANT CHRISTIAN ACADEMY INC's revenue and expenses?

In 2023, COVENANT CHRISTIAN ACADEMY INC reported $8.8M in total revenue and $7.6M in total expenses on its IRS Form 990.

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