Greater Worcester Community Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 18,119,705 | 18,282,158 | −162,453 | 94.8 | 6% |
| 2021 | 22,847,423 | 16,023,982 | 6,823,441 | 118.7 | 8% |
| 2022 | 20,277,510 | 11,792,882 | 8,484,628 | 138.2 | 9% |
| 2023 | 13,729,219 | 12,954,464 | 774,755 | 147.2 | 9% |
In its most recent public year (2023), this organization brought in $774,755 more than it spent. Its reserves stood at about 147.2 months of spending, up from 94.8 in 2020. Staff pay was 9% of spending. $151,093,705 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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