Wilmington Business Development
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 754,930 | 866,168 | −111,238 | 3.1 | 65% |
| 2012 | 810,118 | 826,765 | −16,647 | 3.0 | 65% |
| 2013 | 876,096 | 903,757 | −27,661 | 2.4 | 63% |
| 2014 | 987,455 | 937,463 | 49,992 | 2.9 | 63% |
| 2015 | 1,000,941 | 872,586 | 128,355 | 4.9 | 67% |
| 2016 | 1,047,095 | 909,386 | 137,709 | 6.5 | 66% |
| 2017 | 993,102 | 1,018,954 | −25,852 | 5.5 | 71% |
| 2018 | 1,082,182 | 974,681 | 107,501 | 7.1 | 68% |
| 2019 | 1,109,713 | 1,102,852 | 6,861 | 6.3 | 65% |
| 2020 | 1,079,262 | 1,070,537 | 8,725 | 6.6 | 66% |
| 2021 | 1,081,122 | 986,306 | 94,816 | 8.4 | 72% |
| 2022 | 1,342,071 | 1,096,657 | 245,414 | 10.2 | 75% |
| 2023 | 1,504,050 | 1,309,977 | 194,073 | 17.7 | 65% |
In its most recent public year (2023), this organization brought in $194,073 more than it spent. Its reserves stood at about 17.7 months of spending, up from 3.1 in 2011. Staff pay was 65% 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
Wilmington Business Development'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