Covington-Newton County United Fund Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 291,378 | 216,042 | 75,336 | 7.0 | 42% |
| 2021 | 180,509 | 185,879 | −5,370 | 7.8 | 48% |
| 2022 | 232,926 | 198,742 | 34,184 | 9.3 | 45% |
| 2023 | 293,359 | 322,585 | −29,226 | 4.7 | 28% |
In its most recent public year (2023), this organization spent $29,226 more than it brought in. Its reserves stood at about 4.7 months of spending, down from 7 in 2020. Staff pay was 28% 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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