Industry Convalescent Hospital
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 13,958,587 | 14,581,751 | −623,164 | -28.3 | 50% |
| 2012 | 13,713,389 | 14,402,931 | −689,542 | -29.2 | 51% |
| 2013 | 13,877,306 | 14,639,249 | −761,943 | -29.4 | 51% |
| 2014 | 12,915,685 | 14,412,410 | −1,496,725 | -31.1 | 50% |
| 2015 | 13,088,863 | 14,291,516 | −1,202,653 | -32.4 | 51% |
| 2016 | 12,495,931 | 14,421,616 | −1,925,685 | -33.7 | 52% |
| 2017 | 12,265,319 | 14,787,649 | −2,522,330 | -34.9 | 51% |
| 2018 | 12,083,364 | 14,600,455 | −2,517,091 | -37.4 | 53% |
| 2019 | 11,647,205 | 14,491,476 | −2,844,271 | -40.0 | 54% |
| 2020 | 11,682,962 | 14,620,478 | −2,937,516 | -42.1 | 54% |
| 2021 | 11,998,281 | 13,131,751 | −1,133,470 | -47.9 | 55% |
| 2022 | 10,925,655 | 12,632,675 | −1,707,020 | -51.4 | 53% |
| 2023 | 7,094,315 | 12,407,682 | −5,313,367 | -57.5 | 50% |
In its most recent public year (2023), this organization spent $5,313,367 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-57.5 months), down from -28.3 in 2011. Staff pay was 50% 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
Industry Convalescent Hospital's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works