Covenant Health And Community Services Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 0 | 0 | 0 | — | — |
| 2015 | 0 | 242,331 | −242,331 | -12.0 | 0% |
| 2016 | 8,549,335 | 9,463,739 | −914,404 | -1.5 | 54% |
| 2017 | 13,372,531 | 12,650,288 | 722,243 | -0.4 | 76% |
| 2018 | 14,054,053 | 12,607,897 | 1,446,156 | 1.0 | 97% |
| 2019 | 14,087,058 | 16,279,276 | −2,192,218 | -0.9 | 87% |
| 2020 | 20,352,069 | 21,914,170 | −1,562,101 | -1.5 | 89% |
| 2021 | 23,118,935 | 29,573,603 | −6,454,668 | -3.7 | 85% |
| 2022 | 24,269,922 | 29,468,394 | −5,198,472 | -5.9 | 90% |
In its most recent public year (2022), this organization spent $5,198,472 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-5.9 months). Staff pay was 90% 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 2022. 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
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