Covenant Living West
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 78,516,169 | 72,985,319 | 5,530,850 | 25.2 | 35% |
| 2020 | 123,006,853 | 116,401,166 | 6,605,687 | 16.5 | 37% |
| 2021 | 122,340,145 | 127,182,977 | −4,842,832 | 14.9 | 34% |
| 2022 | 126,747,759 | 124,146,440 | 2,601,319 | 15.0 | 37% |
| 2023 | 136,714,805 | 128,477,391 | 8,237,414 | 15.6 | 37% |
In its most recent public year (2023), this organization brought in $8,237,414 more than it spent. Its reserves stood at about 15.6 months of spending, down from 25.2 in 2019. Staff pay was 37% of spending. $5,954,834 of its net assets are donor-restricted.
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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