Quality Care Health Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,083,195 | 1,128,225 | −45,030 | 9.0 | 36% |
| 2021 | 551,401 | 664,116 | −112,715 | 13.2 | 53% |
| 2022 | 25,623,280 | 889,917 | 24,733,363 | 343.3 | 45% |
| 2023 | 1,400,152 | 1,994,734 | −594,582 | 149.6 | 18% |
In its most recent public year (2023), this organization spent $594,582 more than it brought in. Its reserves stood at about 149.6 months of spending, up from 9 in 2020. Staff pay was 18% of spending. $24,537,012 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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