Georgia · Nonprofit
COVENANT COLLEGE
COVENANT COLLEGE (Georgia) receives grants from 86 organizations whose IRS filings report $14,408,533 to it, the largest being NATL CHRISTIAN CHARITABLE FDN INC ($3,803,440). 50 of them have funded it in more than one year, and 60% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2025
- $64M
- Funders on record
- 86
- Grants received
- $14M
- Net assets
- $106M
What Covenant College does
Mission
To explore and express the preeminence of jesus christ in all things; to educate christians to engage culture and cultures; to examine and unfold creation; and to pursue biblical justice and mercy in community with the student-faculty relationship, strong teaching, and scholarship at the foundation. Our christ-centered community seeks to help students mature in three primary areas: identity in christ, biblical frame of reference, and service that is christ-like.
As stated on its FY2025 Form 990.
Programs
Instructional expenses: these expenses relate directly to the academic disciplines of the college. With approximately thirty majors, one master's programs, and more than fifty minors and concentrations, Covenant College provided nearly 900 students with a well-rounded liberal arts education while simultaneously preparing them for careers or advanced degrees in theology, medicine, business, art, music, engineering, education, psychology, international relations, and much more.
$35,655,708 spentof which $25,573,310 as grants$39,817,555 earned by the program64% of program spendingAuxiliary enterprises and independent operations: the college's four residence halls, student apartments, and dining hall compose the auxiliary enterprises. While all of the halls offer a close, supportive community of students, each building has its own distinctive personality and each floor has its own identity and traditions. Additionally, the college hosts camps and conferences and has an onsite gift shop filled with covenant apparel, classroom supplies, snacks and other items. The camps and conferences as well as the gift shop are included in independent operations.
$9,328,313 spentof which $8,187 as grants$11,564,802 earned by the program17% of program spendingStudent services: student services at covenant help create a rich learning environment for our students. From the moment a student becomes interested in attending covenant, the admissions office provides him or her with resources and personalized attention to help each student make an informed and thoughtful decision about where to attend college. The student development office fosters a positive residential experience through intentional training with resident assistants, hall presidents, and dorm councils. In addition to campus activities, student development offers student training programs, individual academic counsel, professional counseling and medical services to students. Our records and financial aid offices personally work with students to ensure they are on track for graduation and are financially able to complete their education at covenant. Students have access to the center for calling & career, where they learn to build a resume, write a cover letter, interview well, and network with future employers.
$8,336,270 spent15% of program spendingAcademic support: the college works to provide students with academic support at every stage of their covenant education. In addition to highly qualified staff, the covenant library is networked with more than 18,000 other institutions worldwide, providing interlibrary loan access and document delivery services to over 1.3 billion library items. Our library was eleventh in the world to go live with the online computer library center's new cloud-based operating system, web-scale management service. Covenant's writing center is located in the library, providing students one-on-one tutoring for essays, research papers, and any writing-related assignments. The office of academic affairs at covenant works to provide support for deans and faculty members as they seek to provide a rigorous education to covenant students. Covenant's master of education and master of arts in teaching degrees offered by the graduate school of education at covenant provide students with the exceptional opportunity of completing a master's degree in one year. Covenant's maclellan scholars program offers courses designed to encourage critical thinking and develop the skills of potential christian leaders.…
$2,236,855 spent4% of program spending
The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $55,557,146.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $102M to $111M (+9%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 1% · 2018 1% · 2019 1% · 2020 9% · 2021 3% · 2022 4% · 2023 2% · 2024 1% · 2025 1%. Grants only. Government contracts and fees sit inside program revenue.
15% of COVENANT COLLEGE’s revenue is contributions — about as donation-reliant as the typical peer (23% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
John Truschel
Chairman
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 15 funders to 37 funders, grant income rose $468k → $1.7M.
27 of 86 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 60% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $6.3M from one payer (the payer shares this organization's board, largest Covenant College Foundation Inc). These are real filings, and they are not money COVENANT COLLEGE raised.
From the IRS filings of COVENANT COLLEGE’s funders (the co-funder graph). Top 30 of 86 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
COVENANT COLLEGE has a broad base — no single funder exceeds 26% of grant income, and it takes 4 funders to reach half.
the vertical line marks half of all grant income — 4 funders to its left
71% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund COVENANT COLLEGE.
Largest funder’s share by year: 2017 45% · 2018 51% · 2019 40% · 2020 33% · 2021 37% · 2022 13% · 2023 20% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
47% of COVENANT COLLEGE's funders are still giving 3 years after their first grant; 58% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
60% of COVENANT COLLEGE's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $5.8M that is directly attributable, 79% of it comes from funders outside Georgia, across 23 states.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $8.6M arriving through sponsors registered in 21 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
COVENANT COLLEGE's revenue grew 28% between 2017 and 2025.
this organization peer median middle 50% of peers· 3,794 education nonprofits $10M–$100M, FY2025
Government funding COVENANT COLLEGE receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $4.2M on record.
- Department of Education$4.2M
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like COVENANT COLLEGE
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Georgia
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
87% of spending goes to programs.
Governance
Public support
81%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 1 related entity
- Covenant College Foundation Inc · exempt
Screen this organization
A dated, signed PDF of the compliance screen for COVENANT COLLEGE: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds COVENANT COLLEGE?
- COVENANT COLLEGE (Georgia) receives grants from 86 organizations whose IRS filings report $14,408,533 to it, the largest being NATL CHRISTIAN CHARITABLE FDN INC ($3,803,440). 50 of them have funded it in more than one year, and 60% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does COVENANT COLLEGE have?
- IRS filings report 86 organizations giving $14,408,533 in grants to COVENANT COLLEGE, 50 of which have funded it in more than one year.
- Who is the largest funder of COVENANT COLLEGE?
- NATL CHRISTIAN CHARITABLE FDN INC is the largest funder on record, with $3,803,440 in grants. The full list of funders is on this page.
- How can an organization like COVENANT COLLEGE find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Georgia. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 86 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing