West Central Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 650,682 | 526,423 | 124,259 | 20.5 | 28% |
| 2021 | 1,182,846 | 513,743 | 669,103 | 36.7 | 41% |
| 2022 | 2,398,385 | 681,326 | 1,717,059 | 57.9 | 33% |
| 2023 | 2,012,501 | 652,268 | 1,360,233 | 85.5 | 55% |
In its most recent public year (2023), this organization brought in $1,360,233 more than it spent. Its reserves stood at about 85.5 months of spending, up from 20.5 in 2020. Staff pay was 55% 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
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