Downtown Wheaton Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 606,929 | 583,471 | 23,458 | 3.2 | 22% |
| 2021 | 536,051 | 570,634 | −34,583 | 2.6 | 23% |
| 2022 | 531,527 | 519,323 | 12,204 | 3.1 | 30% |
| 2023 | 638,364 | 664,541 | −26,177 | 2.0 | 30% |
In its most recent public year (2023), this organization spent $26,177 more than it brought in. Its reserves stood at about 2 months of spending, down from 3.2 in 2020. Staff pay was 30% 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 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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