Worcester State Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,665,450 | 700,508 | 964,942 | 256.7 | 0% |
| 2012 | 1,743,403 | 1,256,472 | 486,931 | 141.1 | 0% |
| 2013 | 2,293,467 | 956,397 | 1,337,070 | 217.5 | 0% |
| 2014 | 3,974,044 | 1,230,992 | 2,743,052 | 211.7 | 0% |
| 2015 | 3,202,189 | 1,823,335 | 1,378,854 | 143.2 | 0% |
| 2016 | 2,654,579 | 2,603,975 | 50,604 | 96.6 | 0% |
| 2017 | 3,945,559 | 1,481,526 | 2,464,033 | 204.8 | 0% |
| 2018 | 6,201,798 | 1,569,324 | 4,632,474 | 231.9 | 0% |
| 2019 | 3,604,598 | 1,613,843 | 1,990,755 | 236.6 | 0% |
| 2020 | 3,015,775 | 2,041,610 | 974,165 | 197.2 | 0% |
| 2021 | 7,166,785 | 2,032,248 | 5,134,537 | 260.4 | 0% |
| 2022 | 3,879,031 | 2,288,643 | 1,590,388 | 198.6 | 0% |
| 2023 | 8,251,574 | 1,976,615 | 6,274,959 | 286.1 | 0% |
In its most recent public year (2023), this organization brought in $6,274,959 more than it spent. Its reserves stood at about 286.1 months of spending, up from 256.7 in 2011. Staff pay was 0% of spending. $42,875,158 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
Worcester State Foundation Inc'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