The Prayer Covenant Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 97,531 | 73,415 | 24,116 | 3.9 | — |
| 2014 | 153,304 | 169,601 | −16,297 | 0.6 | — |
| 2015 | 193,761 | 193,542 | 219 | 1.0 | — |
| 2016 | 281,027 | 284,495 | −3,468 | 0.5 | 30% |
| 2017 | 491,044 | 309,042 | 182,002 | 8.2 | 28% |
| 2018 | 974,347 | 819,678 | 154,669 | 5.4 | 29% |
| 2019 | 710,572 | 521,603 | 188,969 | 12.8 | 17% |
| 2020 | 370,755 | 492,851 | −122,096 | 10.5 | 22% |
| 2021 | 718,408 | 697,053 | 21,355 | 7.8 | 10% |
| 2022 | 272,235 | 663,402 | −391,167 | 1.1 | 2% |
| 2023 | 163,188 | 176,587 | −13,399 | 3.4 | 0% |
In its most recent public year (2023), this organization spent $13,399 more than it brought in. Its reserves stood at about 3.4 months of spending. Staff pay was 0% 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 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
The Prayer Covenant 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