Covenant Place Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 239,372 | 196,540 | 42,832 | 78.6 | 8% |
| 2012 | 212,004 | 181,234 | 30,770 | 89.7 | 10% |
| 2013 | 258,844 | 139,474 | 119,370 | 133.0 | 13% |
| 2014 | 308,799 | 1,063,302 | −754,503 | 7.4 | 2% |
| 2015 | 233,315 | 186,736 | 46,579 | 40.0 | 18% |
| 2016 | 196,457 | 204,007 | −7,550 | 43.8 | 14% |
| 2017 | 331,547 | 226,489 | 105,058 | 49.6 | 19% |
| 2018 | 737,333 | 347,249 | 390,084 | 43.0 | 15% |
| 2019 | 914,222 | 626,940 | 287,282 | 30.7 | 9% |
| 2020 | 719,184 | 580,804 | 138,380 | 38.4 | 12% |
| 2021 | 412,365 | 376,115 | 36,250 | 62.3 | 34% |
| 2022 | 466,457 | 329,141 | 137,316 | 68.8 | 36% |
| 2023 | 484,328 | 295,237 | 189,091 | 88.4 | 26% |
In its most recent public year (2023), this organization brought in $189,091 more than it spent. Its reserves stood at about 88.4 months of spending, up from 78.6 in 2011. Staff pay was 26% of spending. $191,323 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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