First Baptist Church Of Covington Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 308,112 | 351,216 | −43,104 | 34.8 | 0% |
| 2012 | 307,124 | 630,651 | −323,527 | 13.2 | 0% |
| 2013 | 285,107 | 640,254 | −355,147 | 6.4 | 0% |
| 2014 | 284,787 | 272,527 | 12,260 | 15.5 | 0% |
| 2015 | 286,635 | 229,458 | 57,177 | 21.4 | 0% |
| 2016 | 290,560 | 279,910 | 10,650 | 18.0 | 0% |
| 2017 | 294,026 | 243,386 | 50,640 | 23.2 | 0% |
| 2018 | 299,095 | 261,558 | 37,537 | 23.4 | 0% |
| 2019 | 305,491 | 249,961 | 55,530 | 27.1 | 0% |
| 2020 | 308,477 | 324,608 | −16,131 | 20.3 | 0% |
| 2021 | 311,132 | 291,677 | 19,455 | 23.4 | 0% |
| 2022 | 322,412 | 252,092 | 70,320 | 30.4 | 0% |
| 2023 | 381,589 | 291,094 | 90,495 | 30.0 | 0% |
In its most recent public year (2023), this organization brought in $90,495 more than it spent. Its reserves stood at about 30 months of spending, down from 34.8 in 2011. Staff pay was 0% 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
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