The Howard Young Medical Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 58,902,930 | 48,702,516 | 10,200,414 | 20.0 | 30% |
| 2021 | 31,671,206 | 44,618,010 | −12,946,804 | 26.1 | 29% |
| 2022 | 40,641,253 | 42,603,785 | −1,962,532 | 17.3 | 37% |
| 2023 | 31,129,579 | 37,278,756 | −6,149,177 | 20.6 | 39% |
In its most recent public year (2023), this organization spent $6,149,177 more than it brought in. Its reserves stood at about 20.6 months of spending. Staff pay was 39% of spending. $55,804,679 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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