Physical Medicine Specialists Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 7,505,491 | 8,903,243 | −1,397,752 | -4.9 | 71% |
| 2020 | 7,641,138 | 9,281,327 | −1,640,189 | -6.8 | 71% |
| 2021 | 8,226,231 | 10,416,062 | −2,189,831 | -8.6 | 67% |
| 2022 | 8,850,359 | 11,473,222 | −2,622,863 | -10.6 | 65% |
| 2023 | 11,232,957 | 13,821,288 | −2,588,331 | -11.0 | 66% |
In its most recent public year (2023), this organization spent $2,588,331 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-11 months), down from -4.9 in 2019. Staff pay was 66% 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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