Worcester Area Business Education Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 723,643 | 366,551 | 357,092 | 12.8 | 0% |
| 2021 | 761,774 | 413,425 | 348,349 | 21.5 | 0% |
| 2022 | 1,488,064 | 1,029,910 | 458,154 | 13.5 | 0% |
| 2023 | 2,032,195 | 1,129,250 | 902,945 | 22.4 | 0% |
In its most recent public year (2023), this organization brought in $902,945 more than it spent. Its reserves stood at about 22.4 months of spending, up from 12.8 in 2020. Staff pay was 0% of spending. $2,084,926 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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