Covenant Preparatory School Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 136,466 | 135,643 | 823 | 2.4 | — |
| 2015 | 188,702 | 177,097 | 11,605 | 2.6 | — |
| 2016 | 196,820 | 165,359 | 31,461 | 5.1 | — |
| 2017 | 138,884 | 121,045 | 17,839 | 8.7 | — |
| 2018 | 244,933 | 140,047 | 104,886 | 16.2 | 72% |
| 2019 | 158,187 | 209,511 | −51,324 | 7.4 | — |
| 2020 | 261,048 | 237,502 | 23,546 | 7.7 | 76% |
| 2021 | 329,286 | 252,737 | 76,549 | 10.9 | 75% |
| 2022 | 260,577 | 328,027 | −67,450 | 5.9 | 71% |
In its most recent public year (2022), this organization spent $67,450 more than it brought in. Its reserves stood at about 5.9 months of spending, up from 2.4 in 2014. Staff pay was 71% 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 2022. 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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