Webster Area Development Corporation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | −124,897 | 108,004 | −232,901 | 169.8 | 37% |
| 2021 | 195,226 | 44,923 | 150,303 | 448.4 | 1% |
| 2022 | 80,317 | 96,430 | −16,113 | 206.9 | 25% |
| 2023 | 821,467 | 106,278 | 715,189 | 268.5 | 39% |
In its most recent public year (2023), this organization brought in $715,189 more than it spent. Its reserves stood at about 268.5 months of spending, up from 169.8 in 2020. Staff pay was 39% 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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