Covenant Christian Academy Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,741,942 | 2,655,227 | 86,715 | 3.3 | 49% |
| 2012 | 2,597,969 | 2,462,982 | 134,987 | 4.2 | 4% |
| 2013 | 2,920,458 | 2,944,889 | −24,431 | 3.4 | 52% |
| 2014 | 2,775,117 | 2,931,387 | −156,270 | 2.8 | 50% |
| 2015 | 2,855,780 | 2,993,730 | −137,950 | 2.2 | 49% |
| 2016 | 3,428,585 | 3,563,068 | −134,483 | 1.4 | 45% |
| 2017 | 4,128,632 | 3,711,371 | 417,261 | 2.7 | 44% |
| 2018 | 4,622,992 | 4,013,667 | 609,325 | 4.3 | 42% |
| 2019 | 4,940,833 | 4,485,935 | 454,898 | 5.0 | 43% |
| 2020 | 5,811,580 | 4,448,031 | 1,363,549 | 8.8 | 46% |
| 2021 | 5,338,188 | 4,695,004 | 643,184 | 9.9 | 46% |
| 2022 | 6,568,954 | 5,940,448 | 628,506 | 9.1 | 46% |
| 2023 | 7,368,969 | 6,974,766 | 394,203 | 8.5 | 46% |
In its most recent public year (2023), this organization brought in $394,203 more than it spent. Its reserves stood at about 8.5 months of spending, up from 3.3 in 2011. Staff pay was 46% of spending. $217,817 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 Christian Academy 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