Covenant Healthcare Foundtion
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,475,193 | 1,315,137 | 1,160,056 | 142.0 | 25% |
| 2012 | 1,513,687 | 906,677 | 607,010 | 206.5 | 40% |
| 2013 | 2,487,372 | 896,999 | 1,590,373 | 234.0 | 35% |
| 2014 | 2,429,567 | 1,194,515 | 1,235,052 | 198.7 | 24% |
| 2015 | 2,766,784 | 869,033 | 1,897,751 | 288.8 | 33% |
| 2016 | 1,497,531 | 1,628,661 | −131,130 | 150.2 | 21% |
| 2017 | 1,839,864 | 1,664,714 | 175,150 | 155.6 | 22% |
| 2018 | 2,369,309 | 1,709,721 | 659,588 | 155.7 | 23% |
| 2019 | 2,511,987 | 1,580,724 | 931,263 | 172.9 | 25% |
| 2020 | 4,594,189 | 1,988,091 | 2,606,098 | 152.6 | 19% |
| 2021 | 3,733,844 | 1,826,362 | 1,907,482 | 205.7 | 22% |
| 2022 | 2,934,595 | 4,858,867 | −1,924,272 | 62.5 | 9% |
| 2023 | 3,212,722 | 961,594 | 2,251,128 | 314.0 | 30% |
In its most recent public year (2023), this organization brought in $2,251,128 more than it spent. Its reserves stood at about 314 months of spending, up from 142 in 2011. Staff pay was 30% of spending. $16,885,659 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
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