Palmetto Housing Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 126,835 | 182,478 | −55,643 | 260.1 | 13% |
| 2021 | 116,078 | 573,732 | −457,654 | 73.1 | 4% |
| 2022 | 122,442 | 2,154,510 | −2,032,068 | 8.1 | 1% |
| 2023 | 124,000 | 81,711 | 42,289 | 221.4 | 2% |
In its most recent public year (2023), this organization brought in $42,289 more than it spent. Its reserves stood at about 221.4 months of spending, down from 260.1 in 2020. Staff pay was 2% 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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