Joseph F Weldy Home For Children Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 15,772 | 61,240 | −45,468 | 31.9 | 36% |
| 2021 | 114,190 | 131,201 | −17,011 | 13.4 | 50% |
| 2022 | 263,196 | 250,387 | 12,809 | 7.6 | 64% |
| 2023 | 333,154 | 292,691 | 40,463 | 8.2 | 57% |
In its most recent public year (2023), this organization brought in $40,463 more than it spent. Its reserves stood at about 8.2 months of spending, down from 31.9 in 2020. Staff pay was 57% 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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