Covington Partners Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 429,489 | 254,413 | 175,076 | 21.0 | 0% |
| 2021 | 225,257 | 248,518 | −23,261 | 20.4 | 0% |
| 2022 | 277,214 | 266,292 | 10,922 | 19.5 | 0% |
| 2023 | 763,301 | 480,225 | 283,076 | 17.9 | 0% |
In its most recent public year (2023), this organization brought in $283,076 more than it spent. Its reserves stood at about 17.9 months of spending, down from 21 in 2020. Staff pay was 0% of spending. $442,740 of its net assets are donor-restricted.
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
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