Watertown Area Community Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 1,244,038 | 477,198 | 766,840 | 198.8 | 0% |
| 2020 | 5,964,989 | 2,893,787 | 3,071,202 | 36.5 | 0% |
| 2021 | 3,519,150 | 2,477,463 | 1,041,687 | 54.9 | 0% |
| 2022 | 2,099,270 | 887,423 | 1,211,847 | 130.0 | 0% |
| 2023 | 1,934,030 | 569,063 | 1,364,967 | 237.7 | 0% |
In its most recent public year (2023), this organization brought in $1,364,967 more than it spent. Its reserves stood at about 237.7 months of spending, up from 198.8 in 2019. Staff pay was 0% of spending. $10,556,390 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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