Delaware Advancement Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 3,466,807 | 3,568,925 | −102,118 | 15.7 | 9% |
| 2021 | 3,911,691 | 3,065,731 | 845,960 | 21.6 | 11% |
| 2022 | 3,902,728 | 2,982,605 | 920,123 | 25.9 | 11% |
| 2023 | 4,549,047 | 3,522,074 | 1,026,973 | 25.7 | 6% |
In its most recent public year (2023), this organization brought in $1,026,973 more than it spent. Its reserves stood at about 25.7 months of spending, up from 15.7 in 2020. Staff pay was 6% of spending. $534,555 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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