Gulf Coast Workforce Development Board Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 12,513,280 | 12,424,248 | 89,032 | 1.1 | 10% |
| 2021 | 9,285,107 | 8,527,061 | 758,046 | 2.6 | 16% |
| 2022 | 4,387,590 | 4,721,343 | −333,753 | 3.8 | 29% |
| 2023 | 4,099,007 | 4,555,563 | −456,556 | 2.7 | 33% |
In its most recent public year (2023), this organization spent $456,556 more than it brought in. Its reserves stood at about 2.7 months of spending, up from 1.1 in 2020. Staff pay was 33% of spending. $739,973 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
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