Covenant Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 3,110,170 | 3,109,110 | 1,060 | 0.1 | 16% |
| 2012 | 3,747,286 | 3,744,673 | 2,613 | 0.1 | 14% |
| 2013 | 3,715,081 | 3,712,201 | 2,880 | 0.1 | 16% |
| 2014 | 4,250,092 | 4,248,521 | 1,571 | 0.1 | 15% |
| 2015 | 4,168,094 | 4,165,618 | 2,476 | 0.1 | 16% |
| 2016 | 4,531,094 | 4,528,442 | 2,652 | 0.1 | 17% |
| 2017 | 4,970,115 | 4,791,469 | 178,646 | 0.5 | 17% |
| 2018 | 4,613,108 | 4,622,713 | −9,605 | 0.5 | 18% |
| 2019 | 4,908,107 | 5,066,715 | −158,608 | 0.1 | 18% |
| 2020 | 5,130,096 | 4,956,127 | 173,969 | 0.5 | 19% |
| 2021 | 5,634,152 | 5,301,013 | 333,139 | 1.3 | 19% |
| 2022 | 6,350,177 | 5,993,869 | 356,308 | 8.4 | 17% |
| 2023 | 5,612,164 | 5,703,803 | −91,639 | 7.8 | 22% |
In its most recent public year (2023), this organization spent $91,639 more than it brought in. Its reserves stood at about 7.8 months of spending, up from 0.1 in 2011. Staff pay was 22% of spending. $2,895,835 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 Foundation'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