Covenant Place Senior Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 12,211,477 | 489,636 | 11,721,841 | 287.3 | 16% |
| 2020 | 772,884 | 909,875 | −136,991 | 152.8 | 24% |
| 2021 | 741,404 | 861,169 | −119,765 | 159.8 | 26% |
| 2022 | 727,786 | 903,274 | −175,488 | 150.0 | 24% |
| 2023 | 619,884 | 935,104 | −315,220 | 142.5 | 22% |
In its most recent public year (2023), this organization spent $315,220 more than it brought in. Its reserves stood at about 142.5 months of spending, down from 287.3 in 2019. Staff pay was 22% 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
Covenant Place Senior Center Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works