Memorial Professional Services Ltd
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 15,080,612 | 19,802,156 | −4,721,544 | -28.1 | 67% |
| 2022 | 11,239,268 | 17,418,562 | −6,179,294 | -1.0 | 84% |
| 2023 | 17,328,537 | 24,702,229 | −7,373,692 | -0.8 | 63% |
In its most recent public year (2023), this organization spent $7,373,692 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-0.8 months), up from -28.1 in 2021. Staff pay was 63% 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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