Wilmington Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 126,022 | 108,772 | 17,250 | 23.8 | 57% |
| 2012 | 111,204 | 111,230 | −26 | 15.2 | 57% |
| 2013 | 146,964 | 83,644 | 63,320 | 29.3 | 59% |
| 2014 | 92,309 | 71,206 | 21,103 | 37.9 | 61% |
| 2015 | 80,305 | 69,456 | 10,849 | 40.8 | 63% |
| 2016 | 87,034 | 145,479 | −58,445 | 14.6 | 35% |
| 2017 | 52,280 | 110,785 | −58,505 | 12.9 | 22% |
| 2018 | 68,628 | 73,138 | −4,510 | 18.8 | 36% |
| 2019 | 71,315 | 85,017 | −13,702 | 14.2 | 33% |
| 2020 | 62,643 | 130,510 | −67,867 | 3.0 | 21% |
| 2021 | 118,607 | 104,605 | 14,002 | 5.4 | 66% |
| 2022 | 336,072 | 126,733 | 209,339 | 24.3 | 59% |
| 2023 | 1,318,756 | 143,397 | 1,175,359 | 119.9 | 58% |
In its most recent public year (2023), this organization brought in $1,175,359 more than it spent. Its reserves stood at about 119.9 months of spending, up from 23.8 in 2011. Staff pay was 58% of spending. $485,054 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
Wilmington Economic Development Corporation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works