Palms Manor
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 99,015 | 92,393 | 6,622 | -58.7 | — |
| 2021 | 87,762 | 110,109 | −22,347 | -51.7 | 17% |
| 2022 | 118,179 | 105,856 | 12,323 | -52.4 | — |
| 2023 | 96,288 | 112,523 | −16,235 | -51.0 | — |
In its most recent public year (2023), this organization spent $16,235 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-51 months), up from -58.7 in 2020.
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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