Howard Memorial Hospital
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 26,331,009 | 25,617,050 | 713,959 | 11.1 | 45% |
| 2021 | 36,013,047 | 31,751,745 | 4,261,302 | 10.5 | 38% |
| 2022 | 30,904,194 | 30,770,387 | 133,807 | 10.5 | 44% |
| 2023 | 29,883,671 | 31,246,292 | −1,362,621 | 9.9 | 43% |
In its most recent public year (2023), this organization spent $1,362,621 more than it brought in. Its reserves stood at about 9.9 months of spending, down from 11.1 in 2020. Staff pay was 43% of spending. $9,524,443 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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