Westmass Area Development Corp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 77,463 | 559,095 | −481,632 | 106.8 | 0% |
| 2012 | 529,917 | 456,967 | 72,950 | 132.5 | 0% |
| 2013 | 550,362 | 446,456 | 103,906 | 138.4 | 0% |
| 2014 | 844,494 | 411,436 | 433,058 | 162.9 | 0% |
| 2015 | −351,729 | 381,244 | −732,973 | 152.7 | 0% |
| 2016 | 1,460,128 | 293,673 | 1,166,455 | 245.9 | 0% |
| 2017 | −314,467 | 403,599 | −718,066 | 141.3 | 0% |
| 2018 | −60,832 | 420,475 | −481,307 | 121.9 | 0% |
| 2019 | 132,536 | 483,130 | −350,594 | 97.3 | 0% |
| 2020 | 247,063 | 451,527 | −204,464 | 98.7 | 0% |
| 2021 | 1,784,584 | 527,415 | 1,257,169 | 113.1 | 0% |
| 2022 | 2,003,494 | 741,567 | 1,261,927 | 100.9 | 0% |
| 2023 | 4,440,011 | 1,012,685 | 3,427,326 | 114.5 | 45% |
In its most recent public year (2023), this organization brought in $3,427,326 more than it spent. Its reserves stood at about 114.5 months of spending, up from 106.8 in 2011. Staff pay was 45% 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
Westmass Area Development Corp's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works