The Covenant Preparatory School
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,372,393 | 2,502,275 | −129,882 | -1.6 | 66% |
| 2012 | 2,911,539 | 2,963,662 | −52,123 | -1.6 | 65% |
| 2013 | 3,314,576 | 3,388,529 | −73,953 | -1.7 | 69% |
| 2014 | 3,692,227 | 3,606,118 | 86,109 | -1.3 | 66% |
| 2015 | 4,953,149 | 3,980,335 | 972,814 | 1.8 | 64% |
| 2016 | 4,479,570 | 4,640,546 | −160,976 | 1.1 | 62% |
| 2017 | 5,506,133 | 5,292,257 | 213,876 | 1.5 | 60% |
| 2018 | 5,656,764 | 5,416,135 | 240,629 | 2.0 | 65% |
| 2019 | 4,747,088 | 4,891,993 | −144,905 | 1.8 | 67% |
| 2020 | 4,728,800 | 4,861,890 | −133,090 | 1.5 | 65% |
| 2021 | 7,010,397 | 5,062,187 | 1,948,210 | 6.1 | 52% |
| 2022 | 3,770,965 | 3,717,901 | 53,064 | 8.4 | 63% |
| 2023 | 6,463,723 | 3,673,732 | 2,789,991 | 17.6 | 60% |
In its most recent public year (2023), this organization brought in $2,789,991 more than it spent. Its reserves stood at about 17.6 months of spending, up from -1.6 in 2011. Staff pay was 60% 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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