Milligan Housing For The Elderly And Handicapped Of Gaffney Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 263,870 | 204,596 | 59,274 | -19.1 | 7% |
| 2020 | 271,192 | 228,655 | 42,537 | -14.8 | 9% |
| 2021 | 273,029 | 225,760 | 47,269 | -12.5 | 10% |
| 2022 | 275,847 | 223,694 | 52,153 | -9.8 | 10% |
In its most recent public year (2022), this organization brought in $52,153 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-9.8 months), up from -19.1 in 2019. Staff pay was 10% 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 2022. 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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