New Covenant Community Development
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 11,303 | 91,552 | −80,249 | 63.2 | — |
| 2014 | 71,756 | 161,999 | −90,243 | 29.0 | — |
| 2015 | 93,853 | 193,579 | −99,726 | 18.1 | — |
| 2016 | 122,455 | 212,094 | −89,639 | 11.5 | — |
| 2017 | 124,318 | 155,504 | −31,186 | 8.3 | — |
| 2018 | 147,490 | 164,973 | −17,483 | 5.6 | — |
| 2019 | 317,980 | 210,149 | 107,831 | 7.8 | 50% |
| 2020 | 1,202,095 | 463,538 | 738,557 | 22.6 | 33% |
| 2021 | 1,893,496 | 1,199,751 | 693,745 | 15.7 | 20% |
| 2022 | 1,064,357 | 792,662 | 271,695 | 29.9 | 27% |
| 2023 | 691,128 | 787,169 | −96,041 | 13.4 | 47% |
In its most recent public year (2023), this organization spent $96,041 more than it brought in. Its reserves stood at about 13.4 months of spending, down from 63.2 in 2013. Staff pay was 47% 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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