Faulkner - Progressive Eldercare Services Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 46,697 | 63,840 | −17,143 | -198.3 | 0% |
| 2021 | 300,050 | 23,188 | 276,862 | -402.6 | 0% |
| 2022 | 3,000 | 14,846 | −11,846 | -638.4 | 0% |
| 2023 | 24,460 | 8,869 | 15,591 | -1047.6 | 0% |
In its most recent public year (2023), this organization brought in $15,591 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-1047.6 months), down from -198.3 in 2020. 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 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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