Worcester Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 26,756,968 | 23,881,102 | 2,875,866 | 39.8 | 40% |
| 2012 | 25,554,331 | 24,792,364 | 761,967 | 38.7 | 38% |
| 2013 | 27,578,509 | 28,069,685 | −491,176 | 34.9 | 34% |
| 2014 | 28,460,242 | 27,413,537 | 1,046,705 | 37.3 | 36% |
| 2015 | 30,991,382 | 30,349,458 | 641,924 | 33.1 | 33% |
| 2016 | 28,867,730 | 30,184,001 | −1,316,271 | 31.5 | 34% |
| 2017 | 28,185,024 | 29,888,843 | −1,703,819 | 32.6 | 31% |
| 2018 | 31,145,696 | 31,132,557 | 13,139 | 31.7 | 30% |
| 2019 | 35,817,730 | 31,739,303 | 4,078,427 | 32.8 | 33% |
| 2020 | 31,140,946 | 31,611,678 | −470,732 | 32.5 | 33% |
| 2021 | 30,022,634 | 31,235,426 | −1,212,792 | 37.7 | 33% |
| 2022 | 71,283,222 | 32,353,683 | 38,929,539 | 46.0 | 31% |
| 2023 | 34,587,965 | 32,083,898 | 2,504,067 | 48.6 | 31% |
In its most recent public year (2023), this organization brought in $2,504,067 more than it spent. Its reserves stood at about 48.6 months of spending, up from 39.8 in 2011. Staff pay was 31% of spending. $75,879,136 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
Worcester Academy's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works