Covenant Life Ministries
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 127,425 | 122,581 | 4,844 | 4.7 | — |
| 2012 | 109,311 | 113,390 | −4,079 | 4.7 | — |
| 2013 | 157,095 | 149,506 | 7,589 | 4.2 | — |
| 2014 | 122,847 | 130,737 | −7,890 | 4.0 | — |
| 2015 | 126,606 | 135,324 | −8,718 | 3.1 | — |
| 2016 | 100,395 | 117,136 | −16,741 | 1.9 | — |
| 2017 | 101,517 | 106,181 | −4,664 | 1.6 | — |
| 2018 | 96,277 | 89,810 | 6,467 | 2.7 | — |
| 2019 | 90,039 | 91,744 | −1,705 | 2.4 | — |
| 2020 | 95,912 | 66,859 | 29,053 | 8.5 | — |
| 2021 | 70,841 | 61,268 | 9,573 | 11.2 | — |
| 2022 | 111,013 | 77,403 | 33,610 | 14.1 | — |
| 2023 | 86,218 | 77,227 | 8,991 | 15.5 | — |
In its most recent public year (2023), this organization brought in $8,991 more than it spent. Its reserves stood at about 15.5 months of spending, up from 4.7 in 2011.
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 Life Ministries'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