Covenant Services Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 0 | 723,171 | −723,171 | 0.0 | 72% |
| 2012 | 191,246 | 189,197 | 2,049 | 0.1 | — |
| 2013 | 170,973 | 169,859 | 1,114 | 0.1 | — |
| 2014 | 300,252 | 299,488 | 764 | 0.0 | 53% |
| 2015 | 0 | 570,081 | −570,081 | 0.0 | 54% |
| 2016 | 872,866 | 872,397 | 469 | 0.0 | 82% |
| 2017 | 1,156,389 | 1,155,693 | 696 | 0.0 | 90% |
| 2018 | 1,699,294 | 1,688,339 | 10,955 | 0.1 | 59% |
| 2019 | 1,751,106 | 1,708,900 | 42,206 | 0.4 | 56% |
| 2020 | 903,098 | 1,085,210 | −182,112 | -1.4 | 53% |
| 2021 | 1,576,739 | 1,387,505 | 189,234 | 0.5 | 62% |
| 2022 | 1,166,036 | 1,316,155 | −150,119 | -0.8 | 48% |
| 2023 | 1,617,190 | 1,567,142 | 50,048 | 1.2 | 51% |
In its most recent public year (2023), this organization brought in $50,048 more than it spent. Its reserves stood at about 1.2 months of spending, up from 0 in 2011. Staff pay was 51% 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
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