Beverly Hospital Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 784,040 | 904,940 | −120,900 | 36.7 | 18% |
| 2021 | 887,440 | 401,051 | 486,389 | 99.7 | 41% |
| 2022 | 866,212 | 807,980 | 58,232 | 43.4 | 19% |
| 2023 | 141,824 | 808,913 | −667,089 | 31.1 | 6% |
In its most recent public year (2023), this organization spent $667,089 more than it brought in. Its reserves stood at about 31.1 months of spending, down from 36.7 in 2020. Staff pay was 6% of spending. $1,151,424 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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