Midwest Covenant Home Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 5,310,866 | 5,117,491 | 193,375 | 8.1 | 47% |
| 2022 | 5,811,861 | 6,037,015 | −225,154 | 5.8 | 43% |
| 2023 | 6,230,960 | 6,691,873 | −460,913 | 4.4 | 47% |
| 2024 | 6,314,516 | 6,652,229 | −337,713 | 3.8 | 49% |
In its most recent public year (2024), this organization spent $337,713 more than it brought in. Its reserves stood at about 3.8 months of spending, down from 8.1 in 2021. Staff pay was 49% 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 2024. 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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