Spectrum Medical Care Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 21,782,725 | 14,848,219 | 6,934,506 | 7.6 | 6% |
| 2021 | 21,663,529 | 17,514,458 | 4,149,071 | 9.3 | 7% |
| 2022 | 22,404,360 | 22,583,647 | −179,287 | 7.1 | 16% |
| 2023 | 23,470,979 | 22,405,796 | 1,065,183 | 7.7 | 13% |
In its most recent public year (2023), this organization brought in $1,065,183 more than it spent. Its reserves stood at about 7.7 months of spending. Staff pay was 13% 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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