The Wallace Medical Concern
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 771,099 | 823,884 | −52,785 | 7.4 | 51% |
| 2012 | 1,066,948 | 969,347 | 97,601 | 7.5 | 57% |
| 2013 | 1,672,680 | 1,674,332 | −1,652 | 4.3 | 57% |
| 2014 | 2,149,626 | 2,349,147 | −199,521 | 2.1 | 59% |
| 2015 | 4,197,671 | 3,584,075 | 613,596 | 3.4 | 50% |
| 2016 | 5,511,212 | 4,537,078 | 974,134 | 5.3 | 42% |
| 2017 | 6,156,147 | 6,816,675 | −660,528 | 2.3 | 45% |
| 2018 | 7,023,221 | 6,044,139 | 979,082 | 4.6 | 48% |
| 2019 | 6,555,205 | 6,025,921 | 529,284 | 5.7 | 58% |
| 2020 | 7,438,988 | 7,352,065 | 86,923 | 4.8 | 59% |
| 2021 | 10,813,899 | 8,385,366 | 2,428,533 | 7.7 | 54% |
| 2022 | 9,791,449 | 10,022,433 | −230,984 | 6.1 | 53% |
| 2023 | 12,717,753 | 11,217,400 | 1,500,353 | 7.1 | 55% |
In its most recent public year (2023), this organization brought in $1,500,353 more than it spent. Its reserves stood at about 7.1 months of spending. Staff pay was 55% 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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