Covenant Academy In The Hills
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 181,720 | 174,221 | 7,499 | 0.1 | — |
| 2019 | 195,605 | 192,039 | 3,566 | 0.3 | — |
| 2020 | 200,449 | 259,932 | −59,483 | -1.5 | 38% |
| 2021 | 197,332 | 215,225 | −17,893 | -2.8 | 49% |
| 2022 | 220,435 | 248,802 | −28,367 | -3.8 | 52% |
| 2023 | 193,831 | 190,815 | 3,016 | -4.8 | 45% |
In its most recent public year (2023), this organization brought in $3,016 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-4.8 months), down from 0.1 in 2018. Staff pay was 45% 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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