Chalmers Center For Economic Development At Covenant College
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,854,656 | 1,376,685 | 477,971 | 9.3 | 41% |
| 2012 | 1,477,625 | 1,476,125 | 1,500 | 10.2 | 51% |
| 2013 | 1,578,413 | 1,604,591 | −26,178 | 9.2 | 41% |
| 2014 | 1,997,761 | 1,896,003 | 101,758 | 8.4 | 37% |
| 2015 | 619,691 | 1,028,774 | −409,083 | 10.8 | 42% |
| 2016 | 2,476,354 | 2,245,071 | 231,283 | 6.2 | 40% |
| 2017 | 1,950,529 | 2,487,398 | −536,869 | 3.0 | 44% |
| 2018 | 2,389,049 | 1,967,781 | 421,268 | 6.3 | 39% |
| 2019 | 2,919,539 | 2,299,971 | 619,568 | 8.6 | 42% |
| 2020 | 2,448,957 | 2,719,708 | −270,751 | 6.1 | 51% |
| 2021 | 2,299,914 | 2,708,859 | −408,945 | 4.3 | 51% |
| 2022 | 2,540,039 | 2,943,575 | −403,536 | 2.3 | 47% |
| 2023 | 2,658,963 | 3,101,276 | −442,313 | 0.5 | 47% |
In its most recent public year (2023), this organization spent $442,313 more than it brought in. Its reserves stood at about 0.5 months of spending, down from 9.3 in 2011. Staff pay was 47% of spending. $214,377 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
Chalmers Center For Economic Development At Covenant College'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