Covenant Academies Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 0 | 13,390 | −13,390 | -12.0 | — |
| 2017 | 896,417 | 283,956 | 612,461 | 25.3 | 75% |
| 2018 | 1,086,428 | 642,571 | 443,857 | 19.5 | 56% |
| 2019 | 1,148,868 | 1,197,703 | −48,835 | 10.0 | 39% |
| 2020 | 1,281,862 | 1,152,906 | 128,956 | 11.7 | 39% |
| 2021 | 1,341,997 | 918,864 | 423,133 | 20.2 | 46% |
| 2022 | 1,154,910 | 861,046 | 293,864 | 25.6 | 33% |
| 2023 | 1,128,682 | 788,314 | 340,368 | 33.3 | 41% |
In its most recent public year (2023), this organization brought in $340,368 more than it spent. Its reserves stood at about 33.3 months of spending, up from -12 in 2016. Staff pay was 41% of spending. $198,759 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
Covenant Academies Foundation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works