Religion-Related
(X20)
990 on File
ASSOCIATION FOR COVENANTAL REFORMED EDUCATION
Financial strength (30%)
80/100
Reliability (20%)
40/100
Effectiveness (25%)
78/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Financial Overview — FY 2025
$705K
Total Revenue
$698K
Total Expenses
$573K
Net Assets
16
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
94.3%
Fundraising Efficiency
N/A
Operating Reserve
9.85x
Liability-to-Asset
55.4%
Revenue Diversification
54.0%
Compared with Peers
FY 2025
Compared with 4,705 similar organizations
(United States, Religion-Related, $100K–$1M in expenses), FY 2025.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
94.3% | 87.7% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
5.7% | 8.3% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
9.9 mo | 7.7 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
55.4% | 0.2% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
54.0% | 99.5% |
P10P90
|
Top quarter |
|
Surplus margin
Surplus as a share of revenue
|
1.0% | 2.8% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2025 | $705K | $698K | $573K | 94.3% | 16 |
| 2023 | $890K | $699K | $555K | 92.6% | 23 |
| 2022 | $840K | $693K | $364K | 97.8% | 22 |
| 2021 | $475K | $258K | $217K | 90.4% | 16 |
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