Faribault Area Hospice Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 719,002 | 31 | 718,971 | 278311.4 | 0% |
| 2015 | 614,874 | 84 | 614,790 | 190537.3 | 0% |
| 2016 | 25,684 | 30,739 | −5,055 | 518.7 | 0% |
| 2017 | 22,759 | 105,685 | −82,926 | 141.5 | 0% |
| 2018 | 27,120 | 205,524 | −178,404 | 62.3 | 0% |
| 2019 | 50,024 | 148,322 | −98,298 | 78.4 | 0% |
| 2020 | 53,297 | 99,314 | −46,017 | 111.5 | 0% |
| 2021 | 40,966 | 88,643 | −47,677 | 118.5 | 0% |
| 2022 | 33,865 | 75,750 | −41,885 | 132.0 | 0% |
In its most recent public year (2022), this organization spent $41,885 more than it brought in. Its reserves stood at about 132 months of spending, down from 278311.4 in 2014. Staff pay was 0% 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 2022. 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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