So both reports are for the same period. I'm noticing this discrepancy for pretty much all companies that I was trying to validate. For example, here's what I see for this EIN.
Form 990: Total number of individuals employed in calendar year: 303. Total Revenue: 23,674,433. Then for employee benefit spend, it seemingly could come from two sources. Either Part 8 line 2c (Private Insurance Rev): 590,890 or part 9 line 9 (other employee benefits): 3,229,238. In either case, it doesn't really match total benefit spend from the 5500.
Form 5500 Total number of employees: 217. Total Income: 2,511,761. Total Benefit Spend: 530,428.
My goal is to get these to match as closely as possible. Do you know what might be explaining differences between something like total revenue and total income or the differences in reported benefits?
Thanks!