Carenet Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 3,202,372 | 3,109,395 | 92,977 | 6.0 | 75% |
| 2012 | 3,252,067 | 3,337,782 | −85,715 | 5.3 | 0% |
| 2013 | 3,394,896 | 3,388,008 | 6,888 | 5.2 | 0% |
| 2014 | 3,819,703 | 4,153,628 | −333,925 | 3.3 | 0% |
| 2015 | 4,382,024 | 4,355,666 | 26,358 | 3.2 | 79% |
| 2016 | 4,477,724 | 4,557,575 | −79,851 | 2.9 | 75% |
| 2017 | 4,019,549 | 4,019,809 | −260 | 3.2 | 79% |
| 2018 | 4,080,947 | 4,066,433 | 14,514 | 3.2 | 4% |
| 2019 | 3,844,096 | 3,660,117 | 183,979 | 4.2 | 87% |
| 2020 | 4,931,390 | 4,945,366 | −13,976 | 3.0 | 73% |
| 2021 | 4,978,704 | 5,319,927 | −341,223 | 2.1 | 76% |
| 2022 | 5,618,321 | 5,725,979 | −107,658 | 1.1 | 69% |
| 2023 | 5,235,344 | 6,374,192 | −1,138,848 | -1.2 | 71% |
In its most recent public year (2023), this organization spent $1,138,848 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-1.2 months), down from 6 in 2011. Staff pay was 71% 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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