Worcester East Side Community Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 448,469 | 584,972 | −136,503 | -9.6 | 27% |
| 2021 | 556,381 | 566,092 | −9,711 | -10.1 | 21% |
| 2022 | 823,712 | 561,563 | 262,149 | -4.6 | 22% |
| 2023 | 228,952 | 467,925 | −238,973 | -11.7 | 27% |
In its most recent public year (2023), this organization spent $238,973 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-11.7 months), down from -9.6 in 2020. Staff pay was 27% of spending. $8,054 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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