Covenant Community Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 153,957 | 37,689 | 116,268 | 49.7 | — |
| 2019 | 868,862 | 290,961 | 577,901 | 30.3 | 67% |
| 2020 | 1,080,237 | 1,455,696 | −375,459 | 3.0 | 15% |
| 2021 | 1,081,632 | 804,988 | 276,644 | 9.5 | 36% |
| 2022 | 911,933 | 1,175,200 | −263,267 | 3.8 | 27% |
| 2023 | 603,184 | 846,846 | −243,662 | 1.8 | 28% |
In its most recent public year (2023), this organization spent $243,662 more than it brought in. Its reserves stood at about 1.8 months of spending, down from 49.7 in 2018. Staff pay was 28% of spending. $15,464 of its net assets are donor-restricted.
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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