Wills Eye Ophthalmology Clinic Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 19,602,999 | 26,417,328 | −6,814,329 | -1.0 | 55% |
| 2021 | 29,646,544 | 35,979,035 | −6,332,491 | -1.5 | 57% |
| 2022 | 29,122,643 | 36,846,167 | −7,723,524 | -1.9 | 56% |
| 2023 | 31,394,262 | 38,819,373 | −7,425,111 | -2.3 | 56% |
In its most recent public year (2023), this organization spent $7,425,111 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-2.3 months), down from -1 in 2020. Staff pay was 56% of spending.
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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