Downtown Worcester Business Improvement District Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,025,228 | 779,146 | 246,082 | 9.6 | 15% |
| 2021 | 1,120,185 | 1,077,858 | 42,327 | 7.0 | 14% |
| 2022 | 1,217,597 | 1,132,177 | 85,420 | 7.6 | 17% |
| 2023 | 1,342,253 | 1,097,014 | 245,239 | 10.5 | 18% |
| 2024 | 1,311,887 | 1,291,879 | 20,008 | 9.1 | 21% |
In its most recent public year (2024), this organization brought in $20,008 more than it spent. Its reserves stood at about 9.1 months of spending. Staff pay was 21% of spending. $20,519 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 2024. 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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