Covington Business Council Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 42,135 | 28,588 | 13,547 | 16.5 | — |
| 2013 | 60,900 | 61,866 | −966 | 7.4 | — |
| 2014 | 77,592 | 66,049 | 11,543 | 9.0 | — |
| 2015 | 155,837 | 157,228 | −1,391 | 3.7 | — |
| 2016 | 202,504 | 179,788 | 22,716 | 4.7 | 51% |
| 2017 | 183,202 | 180,483 | 2,719 | 4.9 | 53% |
| 2018 | 242,920 | 242,283 | 637 | 3.7 | 43% |
| 2019 | 258,511 | 226,896 | 31,615 | 5.6 | 52% |
| 2020 | 205,849 | 210,779 | −4,930 | 5.8 | 64% |
| 2021 | 251,107 | 233,526 | 17,581 | 6.1 | 62% |
| 2022 | 315,994 | 312,264 | 3,730 | 4.7 | 52% |
| 2023 | 323,601 | 337,873 | −14,272 | 3.8 | 54% |
In its most recent public year (2023), this organization spent $14,272 more than it brought in. Its reserves stood at about 3.8 months of spending, down from 16.5 in 2012. Staff pay was 54% 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
Covington Business Council Inc'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