Wharton Economic Development Corp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 642,907 | 522,126 | 120,781 | 12.7 | 23% |
| 2012 | 637,901 | 486,119 | 151,782 | 10.7 | 24% |
| 2013 | 706,403 | 522,387 | 184,016 | 22.9 | 26% |
| 2014 | 706,572 | 490,392 | 216,180 | 29.6 | 27% |
| 2015 | 755,439 | 774,161 | −18,722 | 18.5 | 18% |
| 2016 | 792,124 | 796,688 | −4,564 | 17.9 | 18% |
| 2017 | 747,799 | 882,876 | −135,077 | 14.3 | 12% |
| 2018 | 821,660 | 896,098 | −74,438 | 13.1 | 16% |
| 2019 | 1,416,540 | 726,412 | 690,128 | 27.6 | 22% |
| 2020 | 994,405 | 758,481 | 235,924 | 30.1 | 22% |
| 2021 | 753,236 | 706,807 | 46,429 | 33.1 | 21% |
| 2022 | 922,716 | 10,242,158 | −9,319,442 | -8.9 | 2% |
| 2023 | 1,067,207 | 1,043,047 | 24,160 | -86.4 | 15% |
In its most recent public year (2023), this organization brought in $24,160 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-86.4 months), down from 12.7 in 2011. Staff pay was 15% 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
Wharton Economic Development Corp'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