Covenant College Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 41,370,787 | 40,689,767 | 681,020 | 18.7 | 32% |
| 2013 | 44,116,051 | 42,140,826 | 1,975,225 | 19.0 | 32% |
| 2014 | 45,412,056 | 44,254,080 | 1,157,976 | 19.0 | 32% |
| 2015 | 50,092,230 | 44,137,620 | 5,954,610 | 20.6 | 32% |
| 2016 | 46,733,774 | 43,974,923 | 2,758,851 | 21.2 | 31% |
| 2017 | 50,276,314 | 46,896,266 | 3,380,048 | 21.6 | 30% |
| 2018 | 56,270,730 | 50,621,128 | 5,649,602 | 21.5 | 29% |
| 2019 | 52,053,076 | 50,634,403 | 1,418,673 | 21.9 | 28% |
| 2020 | 50,724,767 | 48,119,813 | 2,604,954 | 23.6 | 29% |
| 2021 | 47,383,629 | 47,497,943 | −114,314 | 25.9 | 30% |
| 2022 | 54,082,557 | 51,842,194 | 2,240,363 | 22.7 | 29% |
| 2023 | 49,689,611 | 53,240,912 | −3,551,301 | 21.9 | 28% |
In its most recent public year (2023), this organization spent $3,551,301 more than it brought in. Its reserves stood at about 21.9 months of spending, up from 18.7 in 2012. Staff pay was 28% of spending. $37,316,108 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 College 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