Covenant Classical School
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 3,536,232 | 2,206,089 | 1,330,143 | 25.2 | 51% |
| 2012 | 4,244,133 | 2,500,523 | 1,743,610 | 30.6 | 49% |
| 2013 | 3,134,974 | 2,358,772 | 776,202 | 36.4 | 56% |
| 2014 | 3,462,513 | 3,180,890 | 281,623 | 28.1 | 51% |
| 2015 | 3,894,958 | 3,767,530 | 127,428 | 24.1 | 50% |
| 2016 | 4,724,053 | 4,323,454 | 400,599 | 22.1 | 54% |
| 2017 | 5,327,208 | 4,763,171 | 564,037 | 21.5 | 55% |
| 2018 | 5,237,103 | 5,172,792 | 64,311 | 19.9 | 55% |
| 2019 | 8,693,700 | 5,463,132 | 3,230,568 | 26.1 | 56% |
| 2020 | 6,561,417 | 6,096,595 | 464,822 | 24.3 | 55% |
| 2021 | 9,452,870 | 6,307,116 | 3,145,754 | 29.8 | 59% |
| 2022 | 9,648,218 | 7,202,833 | 2,445,385 | 30.1 | 53% |
| 2023 | 8,823,286 | 8,134,670 | 688,616 | 27.7 | 52% |
In its most recent public year (2023), this organization brought in $688,616 more than it spent. Its reserves stood at about 27.7 months of spending, up from 25.2 in 2011. Staff pay was 52% of spending. $3,970,436 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
Covenant Classical School'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