Covenant Outreach Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 34,238 | 28,954 | 5,284 | 5.5 | 53% |
| 2012 | 40,786 | 34,897 | 5,889 | 6.2 | 52% |
| 2013 | 53,996 | 42,669 | 11,327 | 3.2 | 47% |
| 2014 | 52,310 | 41,499 | 10,811 | 6.4 | 57% |
| 2015 | 76,045 | 50,359 | 25,686 | 6.1 | — |
| 2016 | 142,106 | 168,066 | −25,960 | 0.7 | — |
| 2017 | 155,524 | 148,000 | 7,524 | 1.4 | — |
| 2018 | 189,886 | 187,728 | 2,158 | 1.2 | — |
| 2019 | 181,481 | 173,066 | 8,415 | 1.9 | — |
| 2020 | 127,956 | 123,853 | 4,103 | 3.1 | — |
| 2021 | 315,570 | 303,161 | 12,409 | 1.8 | 8% |
In its most recent public year (2021), this organization brought in $12,409 more than it spent. Its reserves stood at about 1.8 months of spending, down from 5.5 in 2011. Staff pay was 8% 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 2021. 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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