Genesis Health System
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 446,730,334 | 435,187,151 | 11,543,183 | 11.4 | 41% |
| 2012 | 458,514,922 | 444,902,647 | 13,612,275 | 11.0 | 42% |
| 2013 | 456,786,753 | 431,353,003 | 25,433,750 | 12.7 | 44% |
| 2014 | 467,073,140 | 440,220,291 | 26,852,849 | 13.2 | 45% |
| 2015 | 503,869,742 | 444,828,050 | 59,041,692 | 14.0 | 45% |
| 2016 | 509,519,239 | 477,238,498 | 32,280,741 | 13.3 | 45% |
| 2017 | 527,970,226 | 503,092,010 | 24,878,216 | 13.4 | 46% |
| 2018 | 526,361,166 | 511,533,094 | 14,828,072 | 13.7 | 47% |
| 2019 | 530,251,339 | 521,514,344 | 8,736,995 | 13.7 | 45% |
| 2020 | 534,820,030 | 526,791,273 | 8,028,757 | 13.1 | 44% |
| 2021 | 556,919,552 | 530,354,888 | 26,564,664 | 14.9 | 41% |
| 2022 | 541,189,562 | 566,538,633 | −25,349,071 | 12.3 | 41% |
| 2023 | 566,591,612 | 626,348,697 | −59,757,085 | 7.2 | 38% |
In its most recent public year (2023), this organization spent $59,757,085 more than it brought in. Its reserves stood at about 7.2 months of spending, down from 11.4 in 2011. Staff pay was 38% of spending. $17,189,857 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
Genesis Health System'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