Philadelphia Shipyard Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 634,275 | 962,014 | −327,739 | 41.5 | 36% |
| 2011 | 42,956,075 | 43,686,057 | −729,982 | 0.7 | 0% |
| 2012 | 305,166 | 703,912 | −398,746 | 37.5 | 25% |
| 2013 | 4,029 | 400,316 | −396,287 | 54.0 | 31% |
| 2014 | 3,526 | 286,676 | −283,150 | 63.6 | 29% |
| 2015 | 2,959 | 246,572 | −243,613 | 62.1 | 31% |
| 2016 | 6,053 | 248,028 | −241,975 | 50.0 | 31% |
| 2017 | 7,651 | 248,674 | −241,023 | 38.2 | 31% |
| 2018 | 6,755 | 260,491 | −253,736 | 24.8 | 29% |
| 2019 | 3,380 | 245,786 | −242,406 | 14.5 | 31% |
| 2020 | 146,626 | 197,081 | −50,455 | 15.0 | 39% |
| 2021 | 265,647 | 192,390 | 73,257 | 19.9 | 40% |
| 2022 | 392,103 | 223,821 | 168,282 | 26.1 | 46% |
| 2023 | 389,891 | 227,780 | 162,111 | 34.2 | 52% |
In its most recent public year (2023), this organization brought in $162,111 more than it spent. Its reserves stood at about 34.2 months of spending, down from 41.5 in 2010. Staff pay was 52% of spending. $161,424 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
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