Covenant Homecare
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 14,040,180 | 14,370,097 | −329,917 | -14.9 | 53% |
| 2012 | 14,863,978 | 15,251,234 | −387,256 | -14.4 | 54% |
| 2013 | 13,449,962 | 14,927,724 | −1,477,762 | -15.9 | 55% |
| 2014 | 18,472,702 | 17,879,412 | 593,290 | -12.5 | 56% |
| 2015 | 17,000,172 | 17,585,926 | −585,754 | -13.1 | 56% |
| 2016 | 18,190,769 | 17,068,373 | 1,122,396 | -1.1 | 55% |
| 2017 | 17,677,000 | 17,368,084 | 308,916 | -0.9 | 56% |
| 2018 | 15,000,872 | 15,937,333 | −936,461 | -1.1 | 58% |
| 2019 | 17,040,461 | 17,191,257 | −150,796 | -1.1 | 58% |
| 2020 | 18,602,209 | 18,549,675 | 52,534 | -1.0 | 59% |
| 2021 | 17,855,047 | 19,637,169 | −1,782,122 | -2.1 | 58% |
| 2022 | 20,781,294 | 22,797,414 | −2,016,120 | -1.4 | 59% |
| 2023 | 22,800,972 | 23,265,532 | −464,560 | -1.0 | 62% |
In its most recent public year (2023), this organization spent $464,560 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-1 months), up from -14.9 in 2011. Staff pay was 62% 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 Homecare'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