Covenant Christian Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,631,954 | 1,524,337 | 107,617 | 9.1 | 52% |
| 2012 | 1,677,242 | 1,734,057 | −56,815 | 7.6 | 51% |
| 2013 | 1,709,280 | 1,764,720 | −55,440 | 7.1 | 50% |
| 2014 | 1,654,364 | 1,941,588 | −287,224 | 4.7 | 44% |
| 2015 | 1,667,385 | 1,769,178 | −101,793 | 4.4 | 42% |
| 2016 | 1,882,021 | 1,859,356 | 22,665 | 4.4 | 45% |
| 2017 | 1,916,726 | 1,944,333 | −27,607 | 4.0 | 46% |
| 2018 | 1,953,019 | 1,795,926 | 157,093 | 5.4 | 52% |
| 2019 | 1,824,090 | 1,857,026 | −32,936 | 5.0 | 52% |
| 2020 | 1,967,984 | 1,864,427 | 103,557 | 5.6 | 56% |
| 2021 | 3,593,194 | 1,964,277 | 1,628,917 | 15.3 | 55% |
| 2022 | 2,336,077 | 2,276,864 | 59,213 | 13.5 | 56% |
| 2023 | 2,679,191 | 2,378,993 | 300,198 | 14.4 | 57% |
In its most recent public year (2023), this organization brought in $300,198 more than it spent. Its reserves stood at about 14.4 months of spending, up from 9.1 in 2011. Staff pay was 57% of spending. $1,774,600 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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