Covenant Pathways
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 81,683 | 42,442 | 39,241 | 11.1 | — |
| 2018 | 85,257 | 71,510 | 13,747 | 2.3 | — |
| 2019 | 186,170 | 132,182 | 53,988 | 10.2 | — |
| 2020 | 0 | 0 | 0 | — | — |
| 2021 | 236,263 | 220,119 | 16,144 | 14.3 | 57% |
| 2022 | 263,030 | 271,621 | −8,591 | 11.2 | 65% |
| 2023 | 271,153 | 258,438 | 12,715 | 12.4 | 55% |
In its most recent public year (2023), this organization brought in $12,715 more than it spent. Its reserves stood at about 12.4 months of spending, up from 11.1 in 2017. Staff pay was 55% 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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