Palmer House Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 1,318,936 | 1,250,679 | 68,257 | -13.9 | 8% |
| 2013 | 1,286,569 | 1,239,094 | 47,475 | -13.6 | 8% |
| 2014 | 1,219,768 | 1,271,976 | −52,208 | -13.7 | 11% |
| 2015 | 1,235,623 | 1,268,459 | −32,836 | -14.1 | 11% |
| 2016 | 1,254,882 | 1,266,653 | −11,771 | -14.2 | 11% |
| 2017 | 1,280,770 | 1,186,480 | 94,290 | -14.2 | 12% |
| 2018 | 1,412,829 | 1,353,760 | 59,069 | -11.9 | 11% |
| 2019 | 1,706,477 | 1,506,713 | 199,764 | -9.1 | 0% |
| 2020 | 1,741,162 | 1,480,510 | 260,652 | -7.2 | 12% |
| 2021 | 1,753,026 | 1,427,082 | 325,944 | -4.7 | 13% |
| 2022 | 1,758,590 | 1,518,914 | 239,676 | -2.5 | 11% |
| 2023 | 26,464,958 | 1,871,494 | 24,593,464 | 155.6 | 9% |
In its most recent public year (2023), this organization brought in $24,593,464 more than it spent. Its reserves stood at about 155.6 months of spending, up from -13.9 in 2012. Staff pay was 9% 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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