Covenant Family Ministries Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 32,486 | 33,121 | −635 | 5.9 | — |
| 2012 | 35,741 | 35,404 | 337 | 1.3 | — |
| 2013 | 23,954 | 24,487 | −533 | 1.6 | — |
| 2014 | 20,301 | 21,311 | −1,010 | 1.3 | — |
| 2015 | 25,459 | 24,115 | 1,344 | 1.8 | — |
| 2016 | 27,643 | 26,724 | 919 | 2.1 | — |
| 2017 | 51,464 | 49,826 | 1,638 | 1.5 | — |
| 2018 | 50,416 | 53,460 | −3,044 | 0.7 | — |
| 2019 | 45,102 | 42,030 | 3,072 | 1.8 | — |
| 2020 | 62,492 | 36,035 | 26,457 | 10.9 | — |
| 2021 | 117,355 | 107,945 | 9,410 | 4.7 | — |
| 2022 | 122,456 | 113,562 | 8,894 | 5.4 | — |
| 2023 | 152,995 | 130,414 | 22,581 | 6.8 | — |
In its most recent public year (2023), this organization brought in $22,581 more than it spent. Its reserves stood at about 6.8 months 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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