Majella Cares
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,973,817 | 2,569,975 | −596,158 | 3.0 | 37% |
| 2021 | 2,249,948 | 2,162,203 | 87,745 | 4.6 | 36% |
| 2022 | 2,142,845 | 2,082,315 | 60,530 | 4.9 | 27% |
| 2023 | 2,294,505 | 2,834,509 | −540,004 | 1.2 | 27% |
In its most recent public year (2023), this organization spent $540,004 more than it brought in. Its reserves stood at about 1.2 months of spending, down from 3 in 2020. Staff pay was 27% 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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