Memorial Hospital Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,452,088 | 863,516 | 1,588,572 | 185.9 | 0% |
| 2021 | 2,173,179 | 2,917,010 | −743,831 | 52.0 | 0% |
| 2022 | 1,807,381 | 1,624,004 | 183,377 | 94.7 | 0% |
| 2023 | 2,224,754 | 1,180,730 | 1,044,024 | 140.9 | 0% |
In its most recent public year (2023), this organization brought in $1,044,024 more than it spent. Its reserves stood at about 140.9 months of spending, down from 185.9 in 2020. Staff pay was 0% of spending. $2,760,928 of its net assets are donor-restricted.
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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