Providence Place V
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 173,890 | 216,215 | −42,325 | -65.3 | 0% |
| 2021 | 178,344 | 238,453 | −60,109 | -62.3 | 0% |
| 2022 | 192,599 | 244,875 | −52,276 | -63.2 | 0% |
| 2023 | 211,823 | 229,069 | −17,246 | -68.5 | 0% |
In its most recent public year (2023), this organization spent $17,246 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-68.5 months), down from -65.3 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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