Wilmington Works Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 75,237 | 67,653 | 7,584 | 10.7 | — |
| 2020 | 55,373 | 77,491 | −22,118 | 6.9 | — |
| 2021 | 324,803 | 307,724 | 17,079 | 2.4 | 11% |
| 2022 | 91,590 | 105,612 | −14,022 | 5.5 | 25% |
| 2023 | 71,832 | 43,102 | 28,730 | 21.5 | 43% |
| 2024 | 161,614 | 73,190 | 88,424 | 27.2 | 58% |
In its most recent public year (2024), this organization brought in $88,424 more than it spent. Its reserves stood at about 27.2 months of spending, up from 10.7 in 2019. Staff pay was 58% 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 2024. 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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