Palacios Community Hub
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 62,498 | 35,005 | 27,493 | 9.4 | 45% |
| 2015 | 160,953 | 154,758 | 6,195 | 2.6 | 39% |
| 2016 | 191,500 | 157,046 | 34,454 | 5.2 | 42% |
| 2017 | 117,997 | 132,839 | −14,842 | 4.8 | 61% |
| 2018 | 105,616 | 133,524 | −27,908 | 2.3 | 59% |
| 2019 | 153,850 | 113,887 | 39,963 | 6.9 | 57% |
| 2020 | 207,127 | 205,698 | 1,429 | 4.7 | 53% |
| 2021 | 192,194 | 196,207 | −4,013 | 6.2 | 65% |
| 2022 | 153,906 | 245,482 | −91,576 | 0.5 | — |
| 2023 | 274,765 | 245,113 | 29,652 | 1.9 | 67% |
In its most recent public year (2023), this organization brought in $29,652 more than it spent. Its reserves stood at about 1.9 months of spending, down from 9.4 in 2014. Staff pay was 67% 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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