Watertown Community Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 961,738 | 567,347 | 394,391 | 169.0 | 3% |
| 2012 | 706,838 | 683,922 | 22,916 | 147.7 | 3% |
| 2013 | 3,194,631 | 556,699 | 2,637,932 | 246.0 | 3% |
| 2014 | 3,363,005 | 939,951 | 2,423,054 | 159.6 | 3% |
| 2015 | 1,233,437 | 909,503 | 323,934 | 156.3 | 5% |
| 2016 | 1,496,623 | 1,353,421 | 143,202 | 107.7 | 3% |
| 2017 | 2,277,898 | 810,637 | 1,467,261 | 212.5 | 6% |
| 2018 | 3,954,348 | 1,050,784 | 2,903,564 | 167.7 | 4% |
| 2019 | 2,173,923 | 1,721,172 | 452,751 | 116.8 | 3% |
| 2020 | 2,244,982 | 1,438,817 | 806,165 | 154.1 | 4% |
| 2021 | 7,348,083 | 1,718,014 | 5,630,069 | 151.9 | 9% |
| 2022 | 3,535,499 | 1,490,643 | 2,044,856 | 150.5 | 15% |
| 2023 | 2,520,866 | 1,563,118 | 957,748 | 160.7 | 15% |
In its most recent public year (2023), this organization brought in $957,748 more than it spent. Its reserves stood at about 160.7 months of spending, down from 169 in 2011. Staff pay was 15% of spending. $18,908,199 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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