Covenant Network
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 971,343 | 799,110 | 172,233 | 23.0 | 22% |
| 2012 | 979,861 | 809,152 | 170,709 | 25.3 | 22% |
| 2013 | 1,069,140 | 909,811 | 159,329 | 24.6 | 20% |
| 2014 | 1,150,005 | 1,004,636 | 145,369 | 24.0 | 23% |
| 2015 | 1,361,224 | 987,729 | 373,495 | 28.9 | 25% |
| 2016 | 1,585,919 | 1,076,640 | 509,279 | 32.2 | 25% |
| 2017 | 1,615,931 | 1,159,924 | 456,007 | 34.6 | 24% |
| 2018 | 1,425,948 | 1,137,332 | 288,616 | 38.3 | 25% |
| 2019 | 1,711,796 | 1,217,050 | 494,746 | 40.7 | 25% |
| 2020 | 1,534,659 | 1,332,008 | 202,651 | 39.0 | 29% |
| 2021 | 2,646,040 | 1,530,222 | 1,115,818 | 42.7 | 36% |
| 2022 | 1,842,852 | 1,626,446 | 216,406 | 41.8 | 35% |
| 2023 | 1,712,322 | 1,700,105 | 12,217 | 40.1 | 36% |
| 2024 | 2,112,963 | 1,990,072 | 122,891 | 35.0 | 33% |
In its most recent public year (2024), this organization brought in $122,891 more than it spent. Its reserves stood at about 35 months of spending, up from 23 in 2011. Staff pay was 33% of spending.
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 2024. 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 Network's IRS filings as a feed — one entry per filing year, through 2024. 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