Covenant Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,664,972 | 2,317,091 | 347,881 | 30.3 | 0% |
| 2012 | 2,571,856 | 2,074,692 | 497,164 | 35.9 | 0% |
| 2013 | 2,696,684 | 2,508,561 | 188,123 | 32.1 | 0% |
| 2014 | 1,757,525 | 1,865,198 | −107,673 | 45.8 | 0% |
| 2015 | 1,837,133 | 1,943,086 | −105,953 | 43.3 | 13% |
| 2016 | 1,924,623 | 1,423,491 | 501,132 | 63.4 | 18% |
| 2017 | 1,560,629 | 675,460 | 885,169 | 149.3 | 38% |
| 2018 | 1,687,818 | 3,360,150 | −1,672,332 | 24.0 | 7% |
| 2019 | 1,143,116 | 628,894 | 514,222 | 138.3 | 18% |
| 2020 | 844,823 | 1,014,053 | −169,230 | 83.7 | 13% |
| 2021 | 2,101,688 | 1,849,246 | 252,442 | 47.6 | 7% |
| 2022 | −417,229 | 990,016 | −1,407,245 | 71.8 | 14% |
| 2023 | 829,989 | 583,564 | 246,425 | 133.9 | 24% |
In its most recent public year (2023), this organization brought in $246,425 more than it spent. Its reserves stood at about 133.9 months of spending, up from 30.3 in 2011. Staff pay was 24% of spending. $603,134 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 Inc'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