Worthington Regional Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 354,868 | 310,791 | 44,077 | 12.8 | 31% |
| 2012 | 217,809 | 213,407 | 4,402 | 18.9 | 52% |
| 2013 | 256,585 | 178,080 | 78,505 | 27.9 | 55% |
| 2014 | 208,851 | 227,430 | −18,579 | 20.9 | 50% |
| 2015 | 812,290 | 227,145 | 585,145 | 51.8 | 54% |
| 2016 | 349,097 | 219,653 | 129,444 | 60.6 | 52% |
| 2017 | 305,218 | 209,098 | 96,120 | 69.2 | 57% |
| 2018 | 210,728 | 188,360 | 22,368 | 78.3 | 53% |
| 2019 | 228,542 | 140,860 | 87,682 | 112.1 | 60% |
| 2020 | 128,674 | 53,299 | 75,375 | 313.3 | 6% |
| 2021 | 119,491 | 76,774 | 42,717 | 224.2 | 4% |
| 2022 | 218,077 | 63,422 | 154,655 | 300.6 | 0% |
| 2023 | 113,287 | 63,446 | 49,841 | 309.9 | 0% |
In its most recent public year (2023), this organization brought in $49,841 more than it spent. Its reserves stood at about 309.9 months of spending, up from 12.8 in 2011. Staff pay was 0% 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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