Cabarrus Healthcare Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,876,960 | 3,111,099 | −234,139 | 43.0 | 0% |
| 2012 | 3,510,747 | 1,768,009 | 1,742,738 | 77.6 | 0% |
| 2013 | 3,752,013 | 2,361,619 | 1,390,394 | 81.0 | 0% |
| 2014 | 1,894,264 | 852,321 | 1,041,943 | 239.7 | 0% |
| 2015 | 1,550,991 | 471,126 | 1,079,865 | 438.4 | 0% |
| 2016 | 1,386,483 | 1,031,928 | 354,555 | 211.1 | 0% |
| 2017 | 1,428,032 | 1,567,959 | −139,927 | 149.6 | 0% |
| 2018 | 2,620,968 | 1,221,855 | 1,399,113 | 184.5 | 0% |
| 2019 | 2,278,864 | 1,375,905 | 902,959 | 191.5 | 0% |
| 2020 | 2,045,627 | 1,048,354 | 997,273 | 283.8 | 0% |
| 2021 | 4,085,420 | 1,460,359 | 2,625,061 | 232.4 | 0% |
| 2022 | 1,443,748 | 1,933,840 | −490,092 | 146.0 | 0% |
| 2023 | 2,722,396 | 1,124,556 | 1,597,840 | 287.1 | 0% |
In its most recent public year (2023), this organization brought in $1,597,840 more than it spent. Its reserves stood at about 287.1 months of spending, up from 43 in 2011. Staff pay was 0% of spending. $26,830,668 of its net assets are donor-restricted.
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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