Worcester Business Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,341,577 | 1,931,989 | 409,588 | 54.3 | 56% |
| 2012 | 1,558,993 | 1,774,839 | −215,846 | 61.1 | 59% |
| 2013 | 4,129,188 | 1,624,884 | 2,504,304 | 93.1 | 56% |
| 2014 | 4,618,469 | 2,822,319 | 1,796,150 | 63.1 | 35% |
| 2015 | 2,623,707 | 1,978,562 | 645,145 | 93.5 | 42% |
| 2016 | 2,778,311 | 1,891,164 | 887,147 | 105.2 | 50% |
| 2017 | 1,422,079 | 1,827,587 | −405,508 | 111.5 | 51% |
| 2018 | 2,147,872 | 1,638,800 | 509,072 | 125.6 | 50% |
| 2019 | 1,237,702 | 1,700,434 | −462,732 | 125.9 | 49% |
| 2020 | 1,152,681 | 2,105,828 | −953,147 | 98.4 | 44% |
| 2021 | 1,969,639 | 2,914,958 | −945,319 | 70.8 | 27% |
| 2022 | 1,869,155 | 1,699,843 | 169,312 | 114.3 | 38% |
| 2023 | 1,753,233 | 1,799,293 | −46,060 | 113.3 | 41% |
In its most recent public year (2023), this organization spent $46,060 more than it brought in. Its reserves stood at about 113.3 months of spending, up from 54.3 in 2011. Staff pay was 41% 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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