Menno Olivet Care Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 3,467,404 | 2,643,476 | 823,928 | 6.6 | 65% |
| 2021 | 2,578,492 | 2,104,277 | 474,215 | 11.0 | 56% |
| 2022 | 2,920,020 | 2,795,206 | 124,814 | 8.8 | 61% |
| 2023 | 2,994,743 | 3,126,718 | −131,975 | 7.4 | 61% |
In its most recent public year (2023), this organization spent $131,975 more than it brought in. Its reserves stood at about 7.4 months of spending. Staff pay was 61% of spending. $115,171 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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