Workcred Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 63,821 | 235,867 | −172,046 | -8.8 | — |
| 2015 | 214,540 | 711,376 | −496,836 | -11.3 | 0% |
| 2016 | 438,534 | 940,046 | −501,512 | -14.9 | 0% |
| 2017 | 651,583 | 1,211,489 | −559,906 | -17.1 | 0% |
| 2018 | 357,038 | 1,387,475 | −1,030,437 | -23.9 | 0% |
| 2019 | 403,821 | 1,074,124 | −670,303 | -38.3 | 0% |
| 2020 | 568,216 | 1,540,635 | −972,419 | -34.3 | 51% |
| 2021 | 750,001 | 1,607,945 | −857,944 | -39.3 | 53% |
| 2022 | 821,058 | 1,755,682 | −934,624 | -42.3 | 49% |
| 2023 | 1,004,313 | 1,920,993 | −916,680 | -44.4 | 48% |
In its most recent public year (2023), this organization spent $916,680 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-44.4 months), down from -8.8 in 2014. Staff pay was 48% 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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