Solomons Home For The Aged
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 294,653 | 260,430 | 34,223 | 7.0 | 0% |
| 2021 | 345,319 | 277,240 | 68,079 | 9.5 | 51% |
| 2022 | 278,550 | 266,653 | 11,897 | 10.4 | 58% |
| 2023 | 420,582 | 297,038 | 123,544 | 14.6 | 57% |
In its most recent public year (2023), this organization brought in $123,544 more than it spent. Its reserves stood at about 14.6 months of spending, up from 7 in 2020. Staff pay was 57% 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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