Providence Place Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 652,968 | 882,361 | −229,393 | -59.8 | 9% |
| 2021 | 578,320 | 961,780 | −383,460 | -59.6 | 9% |
| 2022 | 586,596 | 968,327 | −381,731 | -63.9 | 9% |
| 2023 | 672,839 | 969,297 | −296,458 | -67.1 | 11% |
In its most recent public year (2023), this organization spent $296,458 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-67.1 months), down from -59.8 in 2020. Staff pay was 11% 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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