Covenant Charities
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 127,479 | 118,816 | 8,663 | 0.6 | — |
| 2012 | 120,460 | 120,953 | −493 | 0.5 | — |
| 2013 | 128,326 | 123,346 | 4,980 | 1.0 | — |
| 2014 | 145,039 | 136,002 | 9,037 | 1.7 | — |
| 2015 | 137,219 | 151,553 | −14,334 | 0.4 | — |
| 2016 | 103,243 | 105,454 | −2,211 | 0.3 | — |
| 2017 | 115,278 | 110,167 | 5,111 | 0.8 | — |
| 2018 | 106,183 | 109,165 | −2,982 | 0.5 | — |
| 2019 | 107,103 | 103,352 | 3,751 | 1.0 | — |
| 2020 | 119,803 | 81,674 | 38,129 | 6.3 | — |
| 2021 | 106,521 | 100,313 | 6,208 | 6.4 | — |
| 2022 | 106,051 | 118,129 | −12,078 | 4.1 | — |
| 2023 | 120,566 | 158,088 | −37,522 | 0.2 | — |
In its most recent public year (2023), this organization spent $37,522 more than it brought in. Its reserves stood at about 0.2 months of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Covenant Charities's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works