Headwaters Charitable Tr
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 51,603 | 85,931 | −34,328 | 78.1 | 0% |
| 2011 | 29,046 | 51,740 | −22,694 | 124.4 | 0% |
| 2012 | 168,103 | 239,487 | −71,384 | 23.3 | 0% |
| 2013 | 206,173 | 196,364 | 9,809 | 29.0 | 15% |
| 2014 | 1,195,546 | 951,981 | 243,565 | 9.1 | 5% |
| 2015 | 613,301 | 793,913 | −180,612 | 8.1 | 10% |
| 2016 | 575,422 | 703,667 | −128,245 | 7.0 | 13% |
| 2017 | 2,017,458 | 141,863 | 1,875,595 | 193.3 | 39% |
| 2018 | 149,660 | 113,831 | 35,829 | 244.6 | 25% |
| 2019 | 1,396,045 | 1,101,307 | 294,738 | 28.5 | 3% |
| 2020 | 660,082 | 731,135 | −71,053 | 41.7 | 5% |
| 2021 | 325,330 | 391,355 | −66,025 | 75.9 | 9% |
| 2022 | 630,804 | 731,062 | −100,258 | 39.0 | 6% |
| 2023 | 604,949 | 686,864 | −81,915 | 40.1 | 7% |
In its most recent public year (2023), this organization spent $81,915 more than it brought in. Its reserves stood at about 40.1 months of spending, down from 78.1 in 2010. Staff pay was 7% of spending. $350,000 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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