Westfield Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,040,636 | 436,653 | 603,983 | 223.5 | 10% |
| 2012 | 667,314 | 383,634 | 283,680 | 285.1 | 12% |
| 2013 | 541,620 | 478,450 | 63,170 | 260.2 | 9% |
| 2014 | 957,852 | 540,022 | 417,830 | 245.3 | 8% |
| 2015 | 854,389 | 522,222 | 332,167 | 245.3 | 9% |
| 2016 | 707,867 | 651,684 | 56,183 | 206.9 | 7% |
| 2017 | 3,530,877 | 621,579 | 2,909,298 | 308.5 | 7% |
| 2018 | 4,817,524 | 1,296,726 | 3,520,798 | 166.5 | 3% |
| 2019 | 1,665,026 | 908,762 | 756,264 | 284.9 | 5% |
| 2020 | 1,290,312 | 1,001,236 | 289,076 | 288.6 | 6% |
| 2021 | 1,784,279 | 1,048,255 | 736,024 | 299.2 | 7% |
| 2022 | 965,070 | 1,177,586 | −212,516 | 208.2 | 3% |
| 2023 | 940,824 | 1,309,753 | −368,929 | 202.9 | 6% |
In its most recent public year (2023), this organization spent $368,929 more than it brought in. Its reserves stood at about 202.9 months of spending, down from 223.5 in 2011. Staff pay was 6% of spending. $6,591,345 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
Westfield Foundation'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