Covenant Aco Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 3,045,503 | 1,683,147 | 1,362,356 | 28.8 | 18% |
| 2012 | 1,727,219 | 2,027,716 | −300,497 | 22.1 | 23% |
| 2013 | 4,572,155 | 4,746,393 | −174,238 | 9.0 | 19% |
| 2014 | 1,989,254 | 2,094,103 | −104,849 | 19.8 | 26% |
| 2015 | −19 | 737,025 | −737,044 | 44.3 | 0% |
| 2016 | 1,179,973 | 1,751,628 | −571,655 | 14.7 | 0% |
| 2017 | 186,882 | 483,548 | −296,666 | 45.9 | 0% |
| 2018 | 397,949 | 773,413 | −375,464 | 19.2 | 0% |
| 2019 | 591,745 | 1,150,799 | −559,054 | 7.0 | 0% |
| 2020 | 580,815 | 1,137,753 | −556,938 | 1.3 | 0% |
| 2021 | 4,800 | 8,575 | −3,775 | 161.1 | 0% |
| 2022 | 511,909 | 492,011 | 19,898 | -8.7 | 0% |
| 2023 | 486,519 | 486,519 | 0 | -20.8 | 0% |
In its most recent public year (2023), this organization brought in $0 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-20.8 months), down from 28.8 in 2011. Staff pay was 0% 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
Covenant Aco Inc'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