Loring Hospital
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 12,521,390 | 11,843,872 | 677,518 | 8.3 | 36% |
| 2012 | 12,080,681 | 12,143,008 | −62,327 | 8.1 | 37% |
| 2013 | 12,851,161 | 12,787,240 | 63,921 | 7.7 | 35% |
| 2014 | 11,990,028 | 12,770,005 | −779,977 | 7.0 | 34% |
| 2015 | 13,393,417 | 12,217,144 | 1,176,273 | 8.5 | 32% |
| 2016 | 11,696,920 | 11,977,351 | −280,431 | 8.4 | 33% |
| 2017 | 12,576,607 | 12,050,229 | 526,378 | 8.8 | 34% |
| 2018 | 13,565,728 | 12,453,547 | 1,112,181 | 9.6 | 35% |
| 2019 | 14,719,975 | 13,105,839 | 1,614,136 | 10.6 | 34% |
| 2020 | 15,009,416 | 13,020,207 | 1,989,209 | 12.5 | 35% |
| 2021 | 18,740,491 | 14,271,306 | 4,469,185 | 15.2 | 37% |
| 2022 | 18,194,178 | 15,922,004 | 2,272,174 | 15.3 | 36% |
| 2023 | 18,436,674 | 16,733,635 | 1,703,039 | 15.8 | 37% |
In its most recent public year (2023), this organization brought in $1,703,039 more than it spent. Its reserves stood at about 15.8 months of spending, up from 8.3 in 2011. Staff pay was 37% 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
Loring Hospital'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