Lower Rio Grande Valley Work Force Development Board Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 74,780,739 | 74,797,467 | −16,728 | 0.1 | 3% |
| 2021 | 66,497,869 | 66,421,550 | 76,319 | 0.1 | 4% |
| 2022 | 95,386,747 | 95,149,476 | 237,271 | 0.1 | 2% |
| 2023 | 95,407,191 | 95,216,513 | 190,678 | 0.1 | 3% |
In its most recent public year (2023), this organization brought in $190,678 more than it spent. Its reserves stood at about 0.1 months of spending. Staff pay was 3% of spending. $177,150 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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