990 Scout/ Covenant Network/ Financials

Financial Information for Covenant Network

Covenant Network's annual revenue was $2.0M in tax year 2024, reported on their IRS Form 990. They spent $2.1M in total expenses. 80% went to programs and services.

Financial Breakdown

What is Covenant Network's total annual expenses?

Covenant Network spent $2.1M in tax year 2024, according to their IRS Form 990 filing.

How much of Covenant Network's budget goes to programs?

Covenant Network spent $1.7M (80% of expenses) on programs and services in tax year 2024.

How much does Covenant Network spend on overhead?

Covenant Network's overhead in tax year 2024 includes administrative (9%) and fundraising (11%) of their expenses.

What is Covenant Network's net worth?

Covenant Network had net assets of $5.7M as of the end of tax year 2024.

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All figures are reported on the organization's IRS Form 990 filing and are public record. Revenue and expense data come from Form 990 Part I, and asset data comes from the balance sheet section. These are filed amounts as reported by the organization.