Springpoint Senior Living Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 201,869,203 | 213,957,418 | −12,088,215 | -5.2 | 34% |
| 2021 | 204,804,520 | 229,171,707 | −24,367,187 | -5.1 | 33% |
| 2022 | 212,941,224 | 236,623,686 | −23,682,462 | -6.4 | 32% |
| 2023 | 237,274,255 | 254,573,257 | −17,299,002 | -5.9 | 30% |
In its most recent public year (2023), this organization spent $17,299,002 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-5.9 months). Staff pay was 30% of spending. $13,824,950 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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