Covenant Health Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,323,234 | 1,698,557 | 624,677 | 89.2 | 0% |
| 2012 | 2,436,844 | 1,630,774 | 806,070 | 102.0 | 0% |
| 2013 | 1,858,052 | 1,704,429 | 153,623 | 102.9 | 0% |
| 2014 | 1,738,415 | 1,402,734 | 335,681 | 124.9 | 0% |
| 2015 | 1,447,278 | 1,139,254 | 308,024 | 153.2 | 0% |
| 2016 | 1,336,409 | 1,267,064 | 69,345 | 140.5 | 0% |
| 2017 | 1,850,109 | 1,360,868 | 489,241 | 141.0 | 0% |
| 2018 | 1,698,251 | 1,596,561 | 101,690 | 112.1 | 0% |
| 2019 | 1,685,669 | 1,512,319 | 173,350 | 135.9 | 0% |
| 2020 | 1,986,373 | 3,120,572 | −1,134,199 | 63.5 | 0% |
| 2021 | 1,458,401 | 1,255,995 | 202,406 | 166.1 | 0% |
| 2022 | 1,833,770 | 1,291,711 | 542,059 | 143.1 | 0% |
| 2023 | 1,504,617 | 1,243,579 | 261,038 | 167.3 | 0% |
In its most recent public year (2023), this organization brought in $261,038 more than it spent. Its reserves stood at about 167.3 months of spending, up from 89.2 in 2011. Staff pay was 0% of spending. $6,484,031 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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