Parking Facilities Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 9,420,006 | 9,458,995 | −38,989 | -4.3 | 0% |
| 2012 | 9,259,775 | 10,877,751 | −1,617,976 | -5.6 | 0% |
| 2013 | 10,141,453 | 10,388,742 | −247,289 | -6.1 | 0% |
| 2014 | 10,313,421 | 10,142,096 | 171,325 | -6.1 | 0% |
| 2015 | 10,665,574 | 10,457,094 | 208,480 | -5.7 | 0% |
| 2016 | 11,431,843 | 11,218,402 | 213,441 | -5.1 | 0% |
| 2017 | 11,454,542 | 11,043,244 | 411,298 | -4.7 | 0% |
| 2018 | 12,234,190 | 12,778,150 | −543,960 | -4.6 | 0% |
| 2019 | 12,932,935 | 12,466,289 | 466,646 | -4.2 | 0% |
| 2020 | 8,460,859 | 13,201,723 | −4,740,864 | -8.3 | 0% |
| 2021 | 14,747,604 | 19,948,053 | −5,200,449 | -9.1 | 0% |
| 2022 | 19,234,934 | 22,442,471 | −3,207,537 | -9.8 | 0% |
| 2023 | 20,597,472 | 21,994,051 | −1,396,579 | -10.8 | 0% |
In its most recent public year (2023), this organization spent $1,396,579 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-10.8 months), down from -4.3 in 2011. Staff pay was 0% 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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