Westminster Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 453,098 | 540,745 | −87,647 | 7.3 | 26% |
| 2012 | 1,913,982 | 1,173,724 | 740,258 | 10.9 | 16% |
| 2013 | 5,079,046 | 2,903,554 | 2,175,492 | 13.4 | 27% |
| 2014 | 4,101,533 | 3,937,212 | 164,321 | 10.4 | 3% |
| 2015 | 4,026,881 | 3,724,895 | 301,986 | 12.0 | 1% |
| 2016 | 4,025,534 | 2,777,616 | 1,247,918 | 21.4 | 1% |
| 2017 | 3,543,787 | 3,569,511 | −25,724 | 16.6 | 2% |
| 2018 | 6,011,032 | 4,165,333 | 1,845,699 | 19.5 | 3% |
| 2019 | 7,287,575 | 4,265,284 | 3,022,291 | 27.6 | 1% |
| 2020 | 7,287,575 | 4,265,284 | 3,022,291 | 27.6 | 1% |
| 2021 | 3,504,589 | 3,073,314 | 431,275 | 33.9 | 1% |
| 2022 | 2,999,517 | 2,295,649 | 703,868 | 49.1 | 0% |
| 2023 | 159,741 | 1,285,268 | −1,125,527 | 79.8 | 0% |
In its most recent public year (2023), this organization spent $1,125,527 more than it brought in. Its reserves stood at about 79.8 months of spending, up from 7.3 in 2011. Staff pay was 0% of spending. $2,810,463 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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