Covenant Health Investment Trust
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 6,917,669 | 793,693 | 6,123,976 | 2196.8 | 0% |
| 2012 | 9,501,273 | 851,295 | 8,649,978 | 2488.5 | 0% |
| 2013 | 12,418,420 | 818,648 | 11,599,772 | 3371.1 | 0% |
| 2014 | 13,388,378 | 870,581 | 12,517,797 | 3384.2 | 0% |
| 2015 | 10,343,213 | 838,319 | 9,504,894 | 3406.9 | 0% |
| 2016 | 5,538,253 | 700,464 | 4,837,789 | 4105.2 | 0% |
| 2017 | 6,497,552 | 748,224 | 5,749,328 | 4745.5 | 0% |
| 2018 | 9,895,750 | 772,064 | 9,123,686 | 3476.1 | 0% |
| 2019 | 20,875,840 | 694,840 | 20,181,000 | 4642.4 | 0% |
| 2020 | 15,015,788 | 607,788 | 14,408,000 | 6465.4 | 0% |
| 2021 | 68,215,808 | 0 | 68,215,808 | — | — |
| 2022 | −914,895 | 0 | −914,895 | — | — |
| 2023 | −4,632,096 | 1,079,411 | −5,711,507 | 2948.0 | 0% |
In its most recent public year (2023), this organization spent $5,711,507 more than it brought in. Its reserves stood at about 2948 months of spending, up from 2196.8 in 2011. 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
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