Providence Medical Institute
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 205,881,230 | 204,201,047 | 1,680,183 | 3.6 | 21% |
| 2021 | 219,160,733 | 217,952,535 | 1,208,198 | 3.5 | 21% |
| 2022 | 219,286,342 | 219,286,342 | 0 | 0.9 | 22% |
| 2023 | 222,016,119 | 222,156,179 | −140,060 | -4.0 | 22% |
In its most recent public year (2023), this organization spent $140,060 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-4 months), down from 3.6 in 2020. Staff pay was 22% 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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