Palolo Korean Care Home Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 168,961 | 5,732 | 163,229 | 341.7 | 0% |
| 2018 | 2,628 | 85,031 | −82,403 | 11.4 | 43% |
| 2019 | 3,840 | 47,791 | −43,951 | 9.3 | 0% |
| 2020 | 2,216 | 62,285 | −60,069 | -4.5 | 0% |
| 2021 | 225,836 | 243,140 | −17,304 | -2.0 | 65% |
| 2022 | 414,698 | 429,637 | −14,939 | -1.5 | 53% |
| 2023 | 724,960 | 307,290 | 417,670 | 14.1 | 58% |
In its most recent public year (2023), this organization brought in $417,670 more than it spent. Its reserves stood at about 14.1 months of spending, down from 341.7 in 2017. Staff pay was 58% 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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