Rachel Covey Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 191,296 | 161,816 | 29,480 | 2.3 | — |
| 2014 | 1,658,184 | 267,899 | 1,390,285 | 63.7 | 0% |
| 2015 | 416,771 | 345,541 | 71,230 | 51.8 | 0% |
| 2016 | 276,927 | 439,864 | −162,937 | 36.3 | 26% |
| 2017 | 2,297,730 | 417,159 | 1,880,571 | 92.3 | 23% |
| 2018 | 2,118,783 | 594,770 | 1,524,013 | 95.5 | 41% |
| 2019 | 1,354,838 | 885,311 | 469,527 | 70.5 | 29% |
| 2020 | 866,679 | 1,132,926 | −266,247 | 52.3 | 41% |
| 2021 | 5,260,162 | 937,620 | 4,322,542 | 118.5 | 48% |
| 2022 | 838,259 | 1,071,802 | −233,543 | 101.1 | 48% |
| 2023 | 1,404,952 | 1,272,753 | 132,199 | 86.3 | 42% |
In its most recent public year (2023), this organization brought in $132,199 more than it spent. Its reserves stood at about 86.3 months of spending, up from 2.3 in 2013. Staff pay was 42% 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
Rachel Covey Foundation'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