Presbyterian Homes Of Charlotte Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 896,500 | 1,029,658 | −133,158 | 3.8 | 23% |
| 2020 | 908,676 | 1,029,803 | −121,127 | 2.4 | 26% |
| 2021 | 929,484 | 1,042,313 | −112,829 | 1.1 | 25% |
| 2022 | 951,824 | 1,117,453 | −165,629 | -0.8 | 27% |
| 2023 | 998,017 | 1,131,106 | −133,089 | -2.2 | 24% |
In its most recent public year (2023), this organization spent $133,089 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-2.2 months), down from 3.8 in 2019. Staff pay was 24% 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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