New Covenant Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,750,886 | 1,616,822 | 134,064 | 4.3 | 47% |
| 2012 | 1,912,525 | 1,659,810 | 252,715 | 6.1 | 47% |
| 2013 | 2,463,548 | 1,812,089 | 651,459 | 9.1 | 41% |
| 2014 | 2,669,491 | 1,691,759 | 977,732 | 21.9 | 43% |
| 2015 | 4,523,384 | 1,843,842 | 2,679,542 | 37.6 | 51% |
| 2016 | 2,822,849 | 2,649,244 | 173,605 | 26.9 | 39% |
| 2017 | 2,870,353 | 2,667,726 | 202,627 | 27.3 | 36% |
| 2018 | 3,030,890 | 2,839,127 | 191,763 | 26.4 | 43% |
| 2019 | 3,050,787 | 2,992,068 | 58,719 | 25.3 | 44% |
| 2021 | 3,057,829 | 2,735,672 | 322,157 | 20.7 | 46% |
| 2022 | 2,937,393 | 2,768,270 | 169,123 | 21.2 | 46% |
| 2023 | 2,951,316 | 2,883,224 | 68,092 | 20.0 | 44% |
In its most recent public year (2023), this organization brought in $68,092 more than it spent. Its reserves stood at about 20 months of spending, up from 4.3 in 2011. Staff pay was 44% 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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