Covenant To Care Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 756,383 | 763,918 | −7,535 | 1.8 | 28% |
| 2021 | 728,183 | 721,007 | 7,176 | 2.0 | 30% |
| 2022 | 738,543 | 705,021 | 33,522 | 2.6 | 32% |
| 2023 | 847,980 | 778,662 | 69,318 | 3.5 | 33% |
In its most recent public year (2023), this organization brought in $69,318 more than it spent. Its reserves stood at about 3.5 months of spending, up from 1.8 in 2020. Staff pay was 33% of spending. $80,036 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 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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