Faith Covenant Ministries
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 41,846 | 44,027 | −2,181 | -0.6 | — |
| 2012 | 49,753 | 50,854 | −1,101 | -1.1 | — |
| 2013 | 44,961 | 49,058 | −4,097 | -1.0 | — |
| 2014 | 63,603 | 58,857 | 4,746 | 1.0 | — |
| 2015 | 70,988 | 63,491 | 7,497 | 0.7 | — |
| 2016 | 58,468 | 60,548 | −2,080 | 0.3 | — |
| 2017 | 73,399 | 72,645 | 754 | 0.1 | — |
| 2018 | 56,661 | 52,928 | 3,733 | 0.8 | — |
| 2019 | 41,298 | 44,092 | −2,794 | -0.8 | — |
| 2020 | 40,330 | 37,648 | 2,682 | 0.7 | — |
| 2021 | 453,185 | 213,852 | 239,333 | 13.5 | 0% |
| 2022 | 32,868 | 122,755 | −89,887 | 14.7 | — |
In its most recent public year (2022), this organization spent $89,887 more than it brought in. Its reserves stood at about 14.7 months of spending, up from -0.6 in 2011.
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 2022. 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
A new entry when its next filing is released. No account, no email; works in any feed reader, Slack, or automation tool. How following works