Institute For The Puerto Rican Hispanic Elderly Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 6,568,172 | 6,735,051 | −166,879 | 2.5 | 48% |
| 2012 | 6,108,238 | 5,613,182 | 495,056 | 2.5 | 55% |
| 2013 | 5,420,304 | 5,650,558 | −230,254 | 1.9 | 49% |
| 2014 | 5,380,785 | 5,757,091 | −376,306 | 1.5 | 44% |
| 2015 | 4,216,703 | 4,980,600 | −763,897 | -1.7 | 46% |
| 2016 | 4,338,558 | 4,612,032 | −273,474 | -2.2 | 41% |
| 2017 | 4,239,523 | 4,040,552 | 198,971 | -1.9 | 40% |
| 2018 | 5,063,855 | 5,132,188 | −68,333 | -1.6 | 38% |
| 2019 | 5,037,744 | 5,254,719 | −216,975 | -2.1 | 41% |
| 2020 | 3,982,257 | 4,430,769 | −448,512 | -3.7 | 46% |
| 2021 | 2,610,594 | 2,913,827 | −303,233 | -6.9 | 56% |
| 2022 | 4,333,867 | 4,453,008 | −119,141 | -4.8 | 47% |
| 2023 | 5,515,656 | 6,281,434 | −765,778 | -4.9 | 42% |
In its most recent public year (2023), this organization spent $765,778 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-4.9 months), down from 2.5 in 2011. Staff pay was 42% 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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