Covenant Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,348,637 | 1,206,798 | 141,839 | 32.3 | 58% |
| 2012 | 1,371,384 | 1,268,601 | 102,783 | 31.7 | 56% |
| 2013 | 885,493 | 1,057,978 | −172,485 | 36.0 | 56% |
| 2014 | 1,012,012 | 1,123,397 | −111,385 | 32.7 | 56% |
| 2015 | 1,199,197 | 1,271,800 | −72,603 | 28.2 | 59% |
| 2016 | 1,360,309 | 1,457,123 | −96,814 | 23.8 | 60% |
| 2017 | 1,375,520 | 1,483,911 | −108,391 | 22.5 | 62% |
| 2018 | 2,480,836 | 2,303,577 | 177,259 | 15.4 | 46% |
| 2019 | 1,662,160 | 1,923,010 | −260,850 | 16.9 | 60% |
| 2020 | 1,746,482 | 1,937,103 | −190,621 | 15.6 | 61% |
| 2021 | 1,984,987 | 1,819,941 | 165,046 | 17.6 | 61% |
| 2022 | 1,973,572 | 2,155,148 | −181,576 | 13.9 | 60% |
| 2023 | 2,289,533 | 2,347,089 | −57,556 | 12.4 | 61% |
In its most recent public year (2023), this organization spent $57,556 more than it brought in. Its reserves stood at about 12.4 months of spending, down from 32.3 in 2011. Staff pay was 61% of spending. $149,836 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
Covenant Academy'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