Westminster Shores Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 5,606,213 | 7,984,889 | −2,378,676 | 0.7 | 29% |
| 2012 | 5,862,926 | 8,205,002 | −2,342,076 | -2.8 | 27% |
| 2013 | 6,003,064 | 8,036,595 | −2,033,531 | -5.7 | 28% |
| 2014 | 6,498,634 | 8,905,436 | −2,406,802 | -7.9 | 27% |
| 2015 | 8,635,599 | 11,009,345 | −2,373,746 | -9.0 | 25% |
| 2016 | 8,783,114 | 10,969,069 | −2,185,955 | -11.8 | 27% |
| 2017 | 9,634,652 | 10,871,763 | −1,237,111 | -12.9 | 28% |
| 2018 | 11,637,691 | 13,350,321 | −1,712,630 | -11.9 | 24% |
| 2019 | 11,891,143 | 13,286,388 | −1,395,245 | -13.0 | 25% |
| 2020 | 12,132,060 | 14,687,978 | −2,555,918 | -14.1 | 25% |
| 2021 | 12,876,876 | 12,552,495 | 324,381 | -14.0 | 27% |
| 2022 | 14,266,347 | 14,810,763 | −544,416 | -13.0 | 24% |
| 2023 | 16,572,514 | 18,711,697 | −2,139,183 | -12.3 | 22% |
In its most recent public year (2023), this organization spent $2,139,183 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-12.3 months), down from 0.7 in 2011. Staff pay was 22% of spending. $2,599,632 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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