Wilmington Education Organization
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 3,910,858 | 3,371,941 | 538,917 | 1.8 | 48% |
| 2019 | 5,304,319 | 4,600,835 | 703,484 | 3.2 | 46% |
| 2020 | 5,017,331 | 7,768,099 | −2,750,768 | -2.7 | 35% |
| 2021 | 6,972,055 | 7,249,928 | −277,873 | -3.4 | 39% |
| 2022 | 9,173,831 | 9,106,134 | 67,697 | -2.6 | 29% |
| 2023 | 11,008,508 | 11,405,594 | −397,086 | -2.5 | 25% |
In its most recent public year (2023), this organization spent $397,086 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-2.5 months), down from 1.8 in 2018. Staff pay was 25% 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
Wilmington Education Organization'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