Watertown Development Company
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 1,329,845 | 1,069,944 | 259,901 | 45.4 | 0% |
| 2013 | 2,422,722 | 1,562,283 | 860,439 | 37.7 | 9% |
| 2014 | 3,819,817 | 1,326,221 | 2,493,596 | 67.0 | 12% |
| 2015 | 658,392 | 952,643 | −294,251 | 89.6 | 19% |
| 2016 | 752,161 | 1,113,303 | −361,142 | 72.8 | 18% |
| 2017 | 219,308 | 1,165,100 | −945,792 | 59.8 | 19% |
| 2018 | 720,867 | 965,550 | −244,683 | 69.1 | 23% |
| 2019 | 4,935,830 | 2,714,898 | 2,220,932 | 34.4 | 10% |
| 2020 | 2,114,531 | 1,566,080 | 548,451 | 63.8 | 21% |
| 2021 | 2,078,248 | 2,500,299 | −422,051 | 38.0 | 15% |
| 2022 | 1,539,881 | 2,299,056 | −759,175 | 37.3 | 11% |
| 2023 | 1,410,951 | 2,390,900 | −979,949 | 31.0 | 14% |
In its most recent public year (2023), this organization spent $979,949 more than it brought in. Its reserves stood at about 31 months of spending, down from 45.4 in 2012. Staff pay was 14% 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
Watertown Development Company'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