Presence Care Transformation Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 416,757,920 | 168,134,943 | 248,622,977 | -90.3 | 58% |
| 2021 | 3,001,800 | 136,202,119 | −133,200,319 | -114.9 | 31% |
| 2022 | 4,815,155 | 50,507,083 | −45,691,928 | -281.4 | 17% |
| 2023 | 3,472,314 | 46,454,224 | −42,981,910 | -287.4 | 17% |
In its most recent public year (2023), this organization spent $42,981,910 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-287.4 months), down from -90.3 in 2020. Staff pay was 17% of spending. $22,645 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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