Palmer Home For Children
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 5,402,280 | 4,758,976 | 643,304 | 32.2 | 41% |
| 2013 | 8,663,270 | 5,501,733 | 3,161,537 | 34.8 | 41% |
| 2014 | 7,832,229 | 5,817,373 | 2,014,856 | 38.3 | 42% |
| 2015 | 7,645,065 | 5,879,709 | 1,765,356 | 41.5 | 43% |
| 2016 | 5,906,932 | 6,045,048 | −138,116 | 40.1 | 45% |
| 2017 | 7,128,423 | 6,324,500 | 803,923 | 39.8 | 46% |
| 2018 | 7,641,255 | 5,942,324 | 1,698,931 | 45.8 | 47% |
| 2020 | 7,944,570 | 5,899,955 | 2,044,615 | 51.8 | 45% |
| 2021 | 7,699,048 | 5,713,622 | 1,985,426 | 65.4 | 45% |
| 2022 | 7,946,553 | 5,714,720 | 2,231,833 | 65.9 | 43% |
| 2023 | 5,906,186 | 6,123,172 | −216,986 | 63.0 | 41% |
In its most recent public year (2023), this organization spent $216,986 more than it brought in. Its reserves stood at about 63 months of spending, up from 32.2 in 2012. Staff pay was 41% of spending. $11,309,287 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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