Mccormick Memorial Home For The Aged
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 319,978 | 9,492 | 310,486 | 3646.8 | 0% |
| 2021 | 493,555 | 7,954 | 485,601 | 4915.5 | 0% |
| 2022 | 69,418 | 8,014 | 61,404 | 4468.1 | 0% |
| 2023 | 89,267 | 44,944 | 44,323 | 827.0 | 0% |
| 2024 | 220,196 | 83,545 | 136,651 | 472.1 | 0% |
In its most recent public year (2024), this organization brought in $136,651 more than it spent. Its reserves stood at about 472.1 months of spending, down from 3646.8 in 2020. Staff pay was 0% of spending. $1,973,919 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 2024. 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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