Worcester Educational Development Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 234,577 | 231,860 | 2,717 | 7.9 | 0% |
| 2013 | 274,083 | 229,973 | 44,110 | 10.3 | 0% |
| 2014 | 363,434 | 311,827 | 51,607 | 9.6 | 0% |
| 2015 | 411,428 | 290,370 | 121,058 | 15.3 | 0% |
| 2016 | 402,235 | 430,885 | −28,650 | 9.5 | 0% |
| 2017 | 443,678 | 404,050 | 39,628 | 11.3 | 0% |
| 2018 | 485,933 | 466,225 | 19,708 | 10.3 | 0% |
| 2019 | 448,612 | 467,618 | −19,006 | 9.8 | 0% |
| 2020 | 507,282 | 462,218 | 45,064 | 11.1 | 4% |
| 2021 | 118,537 | 154,314 | −35,777 | 30.4 | 25% |
| 2022 | 797,236 | 577,595 | 219,641 | 12.4 | 7% |
| 2023 | 438,392 | 657,119 | −218,727 | 7.0 | 5% |
In its most recent public year (2023), this organization spent $218,727 more than it brought in. Its reserves stood at about 7 months of spending. Staff pay was 5% of spending. $393,111 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
Worcester Educational Development Foundation Inc'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