Covenant Homes Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 528,880 | 583,990 | −55,110 | -23.0 | 19% |
| 2012 | 531,752 | 627,657 | −95,905 | -23.2 | 19% |
| 2013 | 527,115 | 728,942 | −201,827 | -23.3 | 19% |
| 2014 | 541,986 | 692,284 | −150,298 | -27.2 | 19% |
| 2015 | 574,097 | 596,757 | −22,660 | -32.0 | 25% |
| 2016 | 554,215 | 613,919 | −59,704 | -32.2 | 18% |
| 2017 | 587,067 | 589,478 | −2,411 | -33.6 | 18% |
| 2018 | 641,662 | 570,520 | 71,142 | -33.2 | 20% |
| 2019 | 690,449 | 670,040 | 20,409 | -27.9 | 18% |
| 2020 | 603,308 | 607,684 | −4,376 | -30.9 | 21% |
| 2021 | 673,309 | 620,247 | 53,062 | -29.2 | 21% |
| 2022 | 848,511 | 726,854 | 121,657 | -22.9 | 20% |
| 2023 | 976,741 | 877,653 | 99,088 | -17.7 | 18% |
In its most recent public year (2023), this organization brought in $99,088 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-17.7 months), up from -23 in 2011. Staff pay was 18% 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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