Covenant Living Of Golden Valley
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 16,542,155 | 18,714,653 | −2,172,498 | -9.2 | 35% |
| 2013 | 17,967,460 | 19,864,557 | −1,897,097 | -9.9 | 37% |
| 2014 | 17,596,198 | 19,256,488 | −1,660,290 | -11.2 | 36% |
| 2015 | 17,989,192 | 20,046,244 | −2,057,052 | -12.0 | 37% |
| 2016 | 19,247,415 | 21,547,614 | −2,300,199 | -12.5 | 36% |
| 2017 | 19,088,805 | 22,701,551 | −3,612,746 | -13.7 | 35% |
| 2018 | 20,930,104 | 22,545,270 | −1,615,166 | -14.7 | 33% |
| 2019 | 14,813,120 | 16,140,636 | −1,327,516 | -23.0 | 35% |
| 2020 | 23,483,574 | 26,102,913 | −2,619,339 | -15.4 | 36% |
| 2021 | 24,567,557 | 29,334,988 | −4,767,431 | -15.5 | 33% |
| 2022 | 22,743,418 | 27,569,781 | −4,826,363 | -19.0 | 36% |
| 2023 | 23,916,118 | 29,026,394 | −5,110,276 | -20.0 | 35% |
In its most recent public year (2023), this organization spent $5,110,276 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-20 months), down from -9.2 in 2012. Staff pay was 35% of spending. $240,401 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 Golden Valley'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