Worcester Regional Tourism And Visitors Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 380,637 | 294,135 | 86,502 | 3.5 | 0% |
| 2017 | 1,231,037 | 833,374 | 397,663 | 7.0 | 0% |
| 2018 | 995,426 | 995,588 | −162 | 5.8 | 0% |
| 2019 | 1,050,441 | 1,009,520 | 40,921 | 6.4 | 0% |
| 2020 | 958,586 | 791,928 | 166,658 | 10.6 | 29% |
| 2021 | 577,289 | 697,255 | −119,966 | 9.9 | 20% |
| 2022 | 1,120,653 | 888,577 | 232,076 | 10.9 | 25% |
| 2023 | 1,393,871 | 1,454,242 | −60,371 | 6.1 | 19% |
In its most recent public year (2023), this organization spent $60,371 more than it brought in. Its reserves stood at about 6.1 months of spending, up from 3.5 in 2016. Staff pay was 19% 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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