South Philadelphia Presbyterian Apartments Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 775,223 | 978,581 | −203,358 | -32.8 | 14% |
| 2021 | 801,702 | 1,090,233 | −288,531 | -32.6 | 17% |
| 2022 | 813,342 | 1,083,637 | −270,295 | -35.8 | 16% |
| 2023 | 869,283 | 1,133,791 | −264,508 | -37.0 | 16% |
In its most recent public year (2023), this organization spent $264,508 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-37 months), down from -32.8 in 2020. Staff pay was 16% 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
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