Methodist Retirement Communities
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 55,285,041 | 70,704,582 | −15,419,541 | -15.5 | 28% |
| 2017 | 62,209,271 | 83,330,098 | −21,120,827 | -3.2 | 26% |
| 2018 | 68,022,387 | 75,030,549 | −7,008,162 | -6.2 | 30% |
| 2019 | 78,233,565 | 91,302,794 | −13,069,229 | -6.8 | 30% |
| 2020 | 83,548,971 | 96,548,292 | −12,999,321 | -8.2 | 32% |
| 2021 | 84,432,559 | 113,894,926 | −29,462,367 | -9.9 | 25% |
| 2022 | 93,551,771 | 109,968,279 | −16,416,508 | -10.5 | 29% |
| 2023 | 107,251,381 | 125,550,613 | −18,299,232 | -10.7 | 29% |
In its most recent public year (2023), this organization spent $18,299,232 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-10.7 months), up from -15.5 in 2016. Staff pay was 29% of spending. $11,188,461 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
Methodist Retirement Communities's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works