Living At Home Of The Park Rapids Area
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 276,831 | 246,226 | 30,605 | 11.3 | 55% |
| 2022 | 288,904 | 226,072 | 62,832 | 15.7 | 62% |
| 2023 | 264,434 | 238,138 | 26,296 | 16.2 | 59% |
| 2024 | 1,156,024 | 305,751 | 850,273 | 46.0 | 58% |
In its most recent public year (2024), this organization brought in $850,273 more than it spent. Its reserves stood at about 46 months of spending, up from 11.3 in 2021. 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 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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