Westminster Place
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 55,183,204 | 49,305,637 | 5,877,567 | 4.2 | 37% |
| 2021 | 51,886,638 | 49,484,186 | 2,402,452 | 6.8 | 37% |
| 2022 | 52,629,368 | 50,487,452 | 2,141,916 | 10.1 | 36% |
| 2023 | 57,783,644 | 55,736,297 | 2,047,347 | 9.1 | 37% |
| 2024 | 61,327,855 | 59,177,233 | 2,150,622 | 9.2 | 36% |
In its most recent public year (2024), this organization brought in $2,150,622 more than it spent. Its reserves stood at about 9.2 months of spending, up from 4.2 in 2020. Staff pay was 36% 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 2024. 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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