Verna K Townsend Trust
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 60,619 | 92,777 | −32,158 | 220.1 | 11% |
| 2019 | 98,603 | 87,009 | 11,594 | 236.3 | 8% |
| 2020 | 87,001 | 95,173 | −8,172 | 215.0 | 8% |
| 2021 | 96,105 | 102,920 | −6,815 | 198.0 | 8% |
| 2022 | 139,902 | 99,001 | 40,901 | 211.0 | 8% |
| 2023 | 117,464 | 103,265 | 14,199 | 204.0 | 8% |
In its most recent public year (2023), this organization brought in $14,199 more than it spent. Its reserves stood at about 204 months of spending, down from 220.1 in 2018. Staff pay was 8% 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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