Covation Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 55,602 | 46,741 | 8,861 | 2.3 | 62% |
| 2018 | 383,162 | 348,704 | 34,458 | 1.5 | 45% |
| 2019 | 392,185 | 420,464 | −28,279 | 0.4 | 68% |
| 2020 | 471,503 | 427,184 | 44,319 | 1.7 | 71% |
| 2021 | 237,407 | 321,223 | −83,816 | -0.9 | 65% |
| 2022 | 348,490 | 309,591 | 38,899 | 0.6 | 65% |
| 2023 | 1,324,372 | 1,388,649 | −64,277 | -0.4 | 19% |
In its most recent public year (2023), this organization spent $64,277 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-0.4 months), down from 2.3 in 2017. Staff pay was 19% 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
Covation 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