Carolina Family Services Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 734,287 | 802,346 | −68,059 | 0.3 | 34% |
| 2021 | 873,165 | 799,132 | 74,033 | 1.4 | 48% |
| 2022 | 610,610 | 612,688 | −2,078 | 1.8 | 75% |
| 2023 | 1,181,363 | 1,028,802 | 152,561 | 2.9 | 60% |
In its most recent public year (2023), this organization brought in $152,561 more than it spent. Its reserves stood at about 2.9 months of spending, up from 0.3 in 2020. Staff pay was 60% 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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