Watertown Local Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 483,537 | 564,800 | −81,263 | 225.0 | 0% |
| 2012 | 478,676 | 570,809 | −92,133 | 221.5 | 10% |
| 2013 | 436,495 | 368,198 | 68,297 | 344.4 | 45% |
| 2014 | 424,319 | 357,617 | 66,702 | 357.8 | 42% |
| 2015 | 438,608 | 642,191 | −203,583 | 194.7 | 24% |
| 2016 | 477,285 | 382,700 | 94,585 | 328.1 | 40% |
| 2017 | 458,276 | 479,049 | −20,773 | 263.3 | 34% |
| 2018 | 490,861 | 781,812 | −290,951 | 154.5 | 21% |
| 2019 | 500,027 | 455,798 | 44,229 | 272.6 | 34% |
| 2020 | 523,278 | 601,879 | −78,601 | 206.6 | 22% |
| 2021 | 569,962 | 833,865 | −263,903 | 146.1 | 18% |
| 2022 | 388,647 | 544,652 | −156,005 | 211.1 | 28% |
| 2023 | 759,545 | 1,060,489 | −300,944 | 106.7 | 15% |
In its most recent public year (2023), this organization spent $300,944 more than it brought in. Its reserves stood at about 106.7 months of spending, down from 225 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
Watertown Local Development Corporation'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