Palacios Medical Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 252,572 | 247,809 | 4,763 | 13.1 | 0% |
| 2021 | 1,040,602 | 1,032,591 | 8,011 | 3.2 | 0% |
| 2022 | 643,852 | 646,702 | −2,850 | 5.1 | 0% |
| 2023 | 645,023 | 651,672 | −6,649 | 4.9 | 0% |
In its most recent public year (2023), this organization spent $6,649 more than it brought in. Its reserves stood at about 4.9 months of spending, down from 13.1 in 2020. Staff pay was 0% 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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