Faithful Covenant Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2009 | 279 | 123 | 156 | 15.2 | — |
| 2010 | 2,586 | 2,341 | 245 | 2.1 | — |
| 2011 | 2,005 | 2,001 | 4 | 2.4 | — |
| 2012 | 1,701 | 1,703 | −2 | 2.8 | — |
| 2013 | 61 | 35 | 26 | 147.1 | — |
| 2014 | 35 | 30 | 5 | 173.6 | — |
| 2015 | 763 | 721 | 42 | 7.9 | — |
| 2020 | 39,165 | 71,928 | −32,763 | -5.5 | — |
In its most recent public year (2020), this organization spent $32,763 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-5.5 months), down from 15.2 in 2009.
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 2020. 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
Faithful Covenant Foundation's IRS filings as a feed — one entry per filing year, through 2020. 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