Neighbors Of Watertown Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 13,320,985 | 12,197,632 | 1,123,353 | 16.6 | 13% |
| 2021 | 8,351,713 | 7,976,276 | 375,437 | 25.9 | 19% |
| 2022 | 4,955,938 | 5,043,194 | −87,256 | 40.6 | 33% |
| 2023 | 5,862,409 | 6,382,687 | −520,278 | 38.4 | 31% |
In its most recent public year (2023), this organization spent $520,278 more than it brought in. Its reserves stood at about 38.4 months of spending, up from 16.6 in 2020. Staff pay was 31% of spending. $177,692 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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