Albemarle Hospital Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,136,950 | 939,904 | 197,046 | 12.3 | 62% |
| 2021 | 1,241,275 | 1,120,593 | 120,682 | 11.6 | 71% |
| 2022 | 1,233,526 | 1,085,234 | 148,292 | 13.6 | 72% |
| 2023 | 1,245,256 | 1,103,259 | 141,997 | 15.0 | 71% |
In its most recent public year (2023), this organization brought in $141,997 more than it spent. Its reserves stood at about 15 months of spending, up from 12.3 in 2020. Staff pay was 71% of spending. $16,177 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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