Covenant Living Of The Great Lakes
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 12,794,777 | 15,085,299 | −2,290,522 | -16.7 | 26% |
| 2013 | 13,298,857 | 16,507,271 | −3,208,414 | -17.5 | 27% |
| 2014 | 14,526,243 | 15,008,689 | −482,446 | -19.7 | 32% |
| 2015 | 14,663,871 | 15,550,693 | −886,822 | -19.7 | 31% |
| 2016 | 14,617,332 | 17,017,797 | −2,400,465 | -19.7 | 30% |
| 2017 | 14,388,009 | 16,224,700 | −1,836,691 | -22.1 | 30% |
| 2018 | 14,716,125 | 16,787,738 | −2,071,613 | -22.7 | 27% |
| 2019 | 11,079,015 | 11,996,184 | −917,169 | -34.3 | 28% |
| 2020 | 16,972,431 | 18,896,767 | −1,924,336 | -22.9 | 30% |
| 2021 | 18,284,551 | 21,833,304 | −3,548,753 | -21.5 | 25% |
| 2022 | 18,119,091 | 20,185,334 | −2,066,243 | -25.1 | 27% |
| 2023 | 18,707,460 | 21,937,711 | −3,230,251 | -24.6 | 26% |
In its most recent public year (2023), this organization spent $3,230,251 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-24.6 months), down from -16.7 in 2012. Staff pay was 26% of spending. $544,915 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 Living Of The Great Lakes'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