Southwest Virginia Workforce Development Board
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 1,883,130 | 1,890,060 | −6,930 | 0.8 | 5% |
| 2011 | 2,118,536 | 2,126,492 | −7,956 | 0.1 | 1% |
| 2013 | 2,205,092 | 2,027,256 | 177,836 | 1.1 | 9% |
| 2014 | 1,777,313 | 1,777,313 | 0 | 1.2 | 11% |
| 2015 | 1,981,002 | 1,907,730 | 73,272 | 0.6 | 13% |
| 2016 | 2,124,105 | 2,137,792 | −13,687 | -0.2 | 12% |
| 2017 | 2,628,844 | 2,633,609 | −4,765 | -0.2 | 10% |
| 2018 | 2,533,915 | 2,687,148 | −153,233 | -0.9 | 21% |
| 2019 | 2,441,327 | 2,373,662 | 67,665 | 0.3 | 22% |
| 2020 | 2,585,727 | 2,604,344 | −18,617 | 0.1 | 4% |
| 2021 | 3,241,975 | 3,232,471 | 9,504 | 0.2 | 35% |
| 2022 | 2,599,441 | 2,620,441 | −21,000 | 1.2 | 39% |
| 2023 | 2,743,558 | 2,794,382 | −50,824 | 0.9 | 35% |
In its most recent public year (2023), this organization spent $50,824 more than it brought in. Its reserves stood at about 0.9 months of spending. Staff pay was 35% 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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