Walter N Charles Trust
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 47,091 | 47,787 | −696 | 182.9 | 12% |
| 2021 | 87,548 | 54,978 | 32,570 | 166.1 | 12% |
| 2022 | 26,541 | 51,816 | −25,275 | 170.3 | 12% |
| 2023 | 51,881 | 49,537 | 2,344 | 178.7 | 11% |
In its most recent public year (2023), this organization brought in $2,344 more than it spent. Its reserves stood at about 178.7 months of spending, down from 182.9 in 2020. Staff pay was 11% 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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