Covington Theological Seminary Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 433,106 | 409,160 | 23,946 | 15.3 | 41% |
| 2012 | 408,306 | 380,788 | 27,518 | 17.0 | 46% |
| 2013 | 350,103 | 321,488 | 28,615 | 21.7 | 40% |
| 2014 | 263,322 | 294,990 | −31,668 | 25.5 | 44% |
| 2015 | 287,806 | 290,119 | −2,313 | 27.1 | 40% |
| 2016 | 227,107 | 272,210 | −45,103 | 7.0 | 44% |
| 2017 | 163,990 | 178,642 | −14,652 | 9.0 | 40% |
| 2018 | 160,096 | 184,844 | −24,748 | 7.3 | — |
| 2019 | 148,720 | 165,911 | −17,191 | 7.7 | — |
| 2020 | 155,696 | 155,780 | −84 | 8.1 | — |
| 2021 | 131,082 | 141,929 | −10,847 | 9.5 | — |
In its most recent public year (2021), this organization spent $10,847 more than it brought in. Its reserves stood at about 9.5 months of spending, down from 15.3 in 2011.
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 2021. 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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