Workforce Development Corp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 877,166 | 1,507,236 | −630,070 | 52.0 | 25% |
| 2012 | 2,068,672 | 1,620,033 | 448,639 | 52.9 | 38% |
| 2013 | 2,851,766 | 2,700,122 | 151,644 | 32.4 | 28% |
| 2014 | 4,536,587 | 3,198,465 | 1,338,122 | 32.4 | 22% |
| 2015 | 4,415,426 | 4,087,858 | 327,568 | 26.3 | 18% |
| 2016 | 13,168,562 | 5,429,138 | 7,739,424 | 36.9 | 23% |
| 2017 | 4,779,337 | 6,994,756 | −2,215,419 | 24.8 | 19% |
| 2018 | 8,613,505 | 10,233,698 | −1,620,193 | 15.1 | 15% |
| 2019 | 7,822,542 | 10,940,202 | −3,117,660 | 10.7 | 18% |
| 2020 | 32,287,764 | 35,182,471 | −2,894,707 | 2.2 | 5% |
| 2021 | 12,566,315 | 14,376,722 | −1,810,407 | 4.0 | 13% |
| 2022 | 9,301,383 | 9,671,921 | −370,538 | 5.5 | 20% |
| 2023 | 6,976,548 | 7,853,942 | −877,394 | 5.5 | 22% |
In its most recent public year (2023), this organization spent $877,394 more than it brought in. Its reserves stood at about 5.5 months of spending, down from 52 in 2011. Staff pay was 22% of spending. $3,379,414 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
A new entry when its next filing is released. No account, no email; works in any feed reader, Slack, or automation tool. How following works