Operating record

Walter S Carpenter Jr Trust Fbo Delaware Academy Of Medicine

Wilmington, DE · EIN 23-7337255 · files full Form 990 · latest public year 2023

YearMoney inMoney outResultReserve mo.Staffing
2020$7,613$15,249−$7,636389.215%
2021$21,766$39,298−$17,532153.66%
2022$6,319$15,776−$9,457373.517%
2023$6,763$3,885$2,8781530.672%

In its most recent public year (2023), this organization brought in $2,878 more than it spent. Its reserves stood at about 1530.6 months of spending, up from 389.2 in 2020. Staff pay was 72% of spending. $495,541 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 ↗