First Covenant Church Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 22,496 | 28,334 | −5,838 | 224.3 | 0% |
| 2012 | 324,980 | 86,629 | 238,351 | 118.8 | 0% |
| 2013 | 41,882 | 102,570 | −60,688 | 105.5 | 0% |
| 2014 | 42,569 | 54,949 | −12,380 | 197.1 | 0% |
| 2015 | 33,839 | 87,392 | −53,553 | 111.6 | 0% |
| 2016 | 47,393 | 95,560 | −48,167 | 97.5 | 0% |
| 2017 | 151,835 | 41,429 | 110,406 | 267.9 | 0% |
| 2018 | 41,829 | 46,297 | −4,468 | 217.8 | 0% |
| 2019 | 65,806 | 182,248 | −116,442 | 55.1 | 0% |
| 2020 | 30,674 | 31,821 | −1,147 | 351.3 | 0% |
| 2021 | 119,203 | 34,172 | 85,031 | 371.3 | 0% |
| 2022 | 35,585 | 36,639 | −1,054 | 272.7 | 0% |
| 2023 | 91,650 | 60,287 | 31,363 | 198.4 | 0% |
In its most recent public year (2023), this organization brought in $31,363 more than it spent. Its reserves stood at about 198.4 months of spending, down from 224.3 in 2011. Staff pay was 0% of spending. $926,121 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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