Covenant Ministries Of Benevolence
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 15,613,467 | 7,161,995 | 8,451,472 | -19.0 | 54% |
| 2012 | 12,032,507 | 7,361,738 | 4,670,769 | -9.7 | 55% |
| 2013 | 29,017,651 | 7,026,196 | 21,991,455 | 29.9 | 58% |
| 2014 | 7,660,744 | 7,272,488 | 388,256 | 29.9 | 53% |
| 2015 | 8,622,394 | 9,181,075 | −558,681 | 23.2 | 40% |
| 2016 | 7,485,090 | 7,638,487 | −153,397 | 25.2 | 45% |
| 2017 | 7,611,377 | 5,888,814 | 1,722,563 | 39.0 | 47% |
| 2018 | 6,916,190 | 5,417,391 | 1,498,799 | 41.1 | 44% |
| 2019 | 2,780,032 | 3,271,533 | −491,501 | 115.9 | 35% |
| 2020 | 23,603,989 | 5,941,928 | 17,662,061 | 96.6 | 26% |
| 2021 | 7,028,359 | 4,174,525 | 2,853,834 | 149.9 | 28% |
| 2022 | 6,251,372 | 4,908,357 | 1,343,015 | 108.1 | 29% |
| 2023 | 5,762,434 | 4,614,452 | 1,147,982 | 123.5 | 25% |
In its most recent public year (2023), this organization brought in $1,147,982 more than it spent. Its reserves stood at about 123.5 months of spending, up from -19 in 2011. Staff pay was 25% of spending. $43,928,232 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
A new entry when its next filing is released. No account, no email; works in any feed reader, Slack, or automation tool. How following works