Covenant Hospice Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 780,871 | 718,095 | 62,776 | 54.3 | 0% |
| 2012 | 800,037 | 555,494 | 244,543 | 78.2 | 0% |
| 2013 | 1,055,003 | 471,234 | 583,769 | 105.7 | 0% |
| 2014 | 758,283 | 587,864 | 170,419 | 88.6 | 0% |
| 2015 | 872,086 | 713,238 | 158,848 | 72.4 | 0% |
| 2016 | 282,743 | 502,508 | −219,765 | 108.0 | 0% |
| 2017 | 1,341,879 | 794,835 | 547,044 | 84.2 | 59% |
| 2018 | 2,084,671 | 4,145,256 | −2,060,585 | 8.5 | 11% |
| 2019 | 2,018,952 | 1,468,218 | 550,734 | 30.3 | 35% |
| 2020 | 2,564,845 | 2,161,723 | 403,122 | 22.5 | 5% |
| 2021 | 2,897,221 | 2,138,877 | 758,344 | 25.8 | 4% |
| 2022 | 1,550,736 | 2,153,621 | −602,885 | 22.1 | 4% |
In its most recent public year (2022), this organization spent $602,885 more than it brought in. Its reserves stood at about 22.1 months of spending, down from 54.3 in 2011. Staff pay was 4% of spending. $2,545,715 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 2022. 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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