Downtown Westfield Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 411,925 | 409,945 | 1,980 | 6.6 | 39% |
| 2011 | 426,484 | 426,540 | −56 | 6.3 | 36% |
| 2012 | 446,076 | 611,719 | −165,643 | 1.2 | 30% |
| 2013 | 435,088 | 512,697 | −77,609 | -0.4 | 31% |
| 2014 | 436,748 | 438,197 | −1,449 | -0.5 | 43% |
| 2015 | 465,043 | 425,664 | 39,379 | 0.6 | 47% |
| 2016 | 444,269 | 431,642 | 12,627 | 0.9 | 47% |
| 2017 | 447,301 | 429,415 | 17,886 | 1.4 | 42% |
| 2018 | 715,526 | 669,007 | 46,519 | 1.7 | 34% |
| 2019 | 688,819 | 638,791 | 50,028 | 2.8 | 41% |
| 2020 | 657,927 | 642,849 | 15,078 | 3.0 | 35% |
| 2021 | 537,905 | 589,324 | −51,419 | 2.2 | 33% |
| 2022 | 658,266 | 676,140 | −17,874 | 1.6 | 19% |
| 2023 | 636,732 | 668,577 | −31,845 | 2.9 | 28% |
In its most recent public year (2023), this organization spent $31,845 more than it brought in. Its reserves stood at about 2.9 months of spending, down from 6.6 in 2010. Staff pay was 28% of spending. $127,439 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
Downtown Westfield 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