Carerite T F C Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 666,327 | 743,282 | −76,955 | -9.7 | 39% |
| 2021 | 903,249 | 901,361 | 1,888 | -7.9 | 38% |
| 2022 | 927,603 | 869,546 | 58,057 | -7.4 | 37% |
| 2023 | 1,233,329 | 1,210,862 | 22,467 | -5.1 | 32% |
In its most recent public year (2023), this organization brought in $22,467 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-5.1 months), up from -9.7 in 2020. Staff pay was 32% 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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