King Farm Presbyterian Retirement
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 33,373,889 | 43,811,903 | −10,438,014 | -23.2 | 22% |
| 2021 | 34,783,503 | 41,952,309 | −7,168,806 | -25.9 | 23% |
| 2022 | 38,652,344 | 44,592,607 | −5,940,263 | -26.6 | 25% |
| 2023 | 46,128,859 | 49,514,906 | −3,386,047 | -23.3 | 26% |
In its most recent public year (2023), this organization spent $3,386,047 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-23.3 months). Staff pay was 26% of spending. $5,652,313 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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