Worcester District Medical Society
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 294,485 | 335,992 | −41,507 | 29.3 | 30% |
| 2020 | 288,922 | 256,059 | 32,863 | 45.2 | 46% |
| 2021 | 388,902 | 217,823 | 171,079 | 66.4 | 54% |
| 2022 | 343,220 | 233,281 | 109,939 | 54.5 | 53% |
| 2023 | 297,757 | 264,595 | 33,162 | 57.5 | 51% |
In its most recent public year (2023), this organization brought in $33,162 more than it spent. Its reserves stood at about 57.5 months of spending, up from 29.3 in 2019. Staff pay was 51% of spending. $48,946 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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