Cove School Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 11,458,824 | 10,517,299 | 941,525 | 11.5 | 67% |
| 2022 | 10,362,338 | 10,345,924 | 16,414 | 11.7 | 65% |
| 2023 | 12,697,922 | 11,021,425 | 1,676,497 | 13.0 | 65% |
In its most recent public year (2023), this organization brought in $1,676,497 more than it spent. Its reserves stood at about 13 months of spending, up from 11.5 in 2021. Staff pay was 65% of spending. $2,806,013 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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