Operating record

Element Care Inc

Lynn, MA · EIN 04-3267751 · files full Form 990 · latest public year 2023

YearMoney inMoney outResultReserve mo.Staffing
2020$96,125,136$88,692,051$7,433,0857.528%
2021$102,077,849$89,402,275$12,675,5749.528%
2022$107,097,540$96,264,425$10,833,11510.127%
2023$110,017,724$105,983,724$4,034,0009.827%

In its most recent public year (2023), this organization brought in $4,034,000 more than it spent. Its reserves stood at about 9.8 months of spending, up from 7.5 in 2020. Staff pay was 27% 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 ↗