Westminster Economic Developmentinitiative Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 86,003 | 96,478 | −10,475 | 34.1 | — |
| 2012 | 163,271 | 108,838 | 54,433 | 36.2 | — |
| 2013 | 140,767 | 158,123 | −17,356 | 23.6 | — |
| 2014 | 538,487 | 330,825 | 207,662 | 19.0 | 38% |
| 2015 | 335,318 | 464,606 | −129,288 | 10.3 | 39% |
| 2016 | 659,391 | 538,980 | 120,411 | 11.5 | 45% |
| 2017 | 1,095,067 | 753,665 | 341,402 | 13.7 | 47% |
| 2018 | 1,313,235 | 990,167 | 323,068 | 14.3 | 48% |
| 2019 | 1,715,793 | 1,600,557 | 115,236 | 9.7 | 50% |
| 2020 | 2,118,673 | 1,763,082 | 355,591 | 11.3 | 54% |
| 2021 | 4,824,412 | 2,069,904 | 2,754,508 | 25.6 | 61% |
| 2022 | 3,247,167 | 2,295,731 | 951,436 | 29.3 | 59% |
| 2023 | 6,918,706 | 2,473,537 | 4,445,169 | 48.8 | 48% |
In its most recent public year (2023), this organization brought in $4,445,169 more than it spent. Its reserves stood at about 48.8 months of spending, up from 34.1 in 2011. Staff pay was 48% of spending. $692,950 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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