Providence Residential Community Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,421,650 | 1,356,792 | 64,858 | 27.8 | 9% |
| 2021 | 1,377,842 | 1,350,786 | 27,056 | 28.2 | 11% |
| 2022 | 1,510,889 | 1,411,984 | 98,905 | 27.8 | 9% |
| 2023 | 1,629,597 | 1,327,616 | 301,981 | 32.3 | 10% |
In its most recent public year (2023), this organization brought in $301,981 more than it spent. Its reserves stood at about 32.3 months of spending, up from 27.8 in 2020. Staff pay was 10% 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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