Oak City Cares Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 1,844,299 | 580,419 | 1,263,880 | 26.1 | 0% |
| 2020 | 1,127,737 | 736,050 | 391,687 | 27.0 | 0% |
| 2021 | 1,057,800 | 1,046,914 | 10,886 | 19.1 | 25% |
| 2022 | 1,564,048 | 1,104,778 | 459,270 | 23.1 | 55% |
| 2023 | 1,314,693 | 1,419,701 | −105,008 | 17.1 | 51% |
In its most recent public year (2023), this organization spent $105,008 more than it brought in. Its reserves stood at about 17.1 months of spending, down from 26.1 in 2019. Staff pay was 51% of spending. $57,235 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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