Covenant Community Capital Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2009 | 385,240 | 972,597 | −587,357 | 35.1 | 21% |
| 2010 | 1,738,207 | 1,063,164 | 675,043 | 39.7 | 16% |
| 2011 | 674,950 | 688,547 | −13,597 | 61.1 | 34% |
| 2012 | 969,633 | 993,723 | −24,090 | 42.0 | 33% |
| 2013 | 1,372,610 | 894,096 | 478,514 | 53.1 | 41% |
| 2014 | 1,105,699 | 1,224,518 | −118,819 | 37.6 | 24% |
| 2015 | 1,449,326 | 1,069,766 | 379,560 | 47.3 | 29% |
| 2016 | 2,214,907 | 2,441,771 | −226,864 | 19.6 | 14% |
| 2017 | 1,368,787 | 1,494,878 | −126,091 | 31.0 | 21% |
| 2018 | 4,717,262 | 1,712,201 | 3,005,061 | 48.2 | 20% |
| 2019 | 3,469,907 | 3,847,507 | −377,600 | 20.3 | 11% |
| 2020 | 3,282,784 | 4,068,645 | −785,861 | 16.8 | 11% |
| 2021 | 2,210,165 | 2,155,213 | 54,952 | 32.1 | 20% |
| 2022 | 2,093,022 | 2,400,132 | −307,110 | 27.3 | 18% |
| 2023 | 2,298,249 | 2,405,253 | −107,004 | 26.7 | 19% |
In its most recent public year (2023), this organization spent $107,004 more than it brought in. Its reserves stood at about 26.7 months of spending, down from 35.1 in 2009. Staff pay was 19% of spending. $1,232,825 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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