Covenant College
Comparative Financial Data
Lookout Mountain, GA
Founded: 1955
Current Status: Member
Member Since: December 31, 2021
ECFA Accredited Member
Comparative Financial Data
  06/30/21 06/30/22 06/30/23
Revenue      
   Cash Donations $8,368,493 $7,256,286 $7,395,307
   Noncash Donations $0 $0 $0
   Other Revenue $34,760,068 $25,534,293 $24,420,804
   Total Revenue $43,128,561 $32,790,579 $31,816,111
Expenses      
   Program $23,571,432 $26,545,758 $26,810,122
   Administrative $4,103,648 $4,404,839 $4,740,560
   Fundraising $2,081,830 $2,374,021 $2,757,846
   Other $0 $0 $0
   Total Expenses $29,756,910 $33,324,618 $34,308,528
Excess (or Deficit)
      for the Year
$13,371,651 $-534,039 $-2,492,417
Other $0 $-5,790,948 $3,352,965
Total Change
   in Net Assets
$13,371,651 $-6,324,987 $860,548
Total Assets $125,963,328 $119,662,633 $119,943,783
Total Liabilities $3,243,233 $3,267,525 $2,688,127
Net Assets $122,720,095 $116,395,108 $117,255,656

Per the organization's financial statements