Palmetto Goodwill Services
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 16,594,100 | 14,853,734 | 1,740,366 | 7.2 | 56% |
| 2021 | 17,429,442 | 16,187,345 | 1,242,097 | 7.6 | 60% |
| 2022 | 18,157,283 | 17,433,706 | 723,577 | 7.5 | 57% |
| 2023 | 19,159,128 | 18,371,877 | 787,251 | 7.7 | 59% |
In its most recent public year (2023), this organization brought in $787,251 more than it spent. Its reserves stood at about 7.7 months of spending. Staff pay was 59% 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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