Caritas Communities Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 6,861,868 | 6,652,055 | 209,813 | -3.1 | 36% |
| 2021 | 5,716,151 | 6,689,794 | −973,643 | -4.5 | 24% |
| 2022 | 4,590,860 | 5,744,725 | −1,153,865 | -7.6 | 31% |
| 2023 | 5,802,494 | 6,455,014 | −652,520 | -8.6 | 47% |
In its most recent public year (2023), this organization spent $652,520 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-8.6 months), down from -3.1 in 2020. Staff pay was 47% of spending. $1,181,033 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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