Westminster Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 3,636,875 | 3,621,769 | 15,106 | 1.3 | 61% |
| 2013 | 4,409,297 | 3,885,138 | 524,159 | 2.9 | 53% |
| 2014 | 3,990,034 | 3,889,864 | 100,170 | 3.2 | 54% |
| 2015 | 3,804,899 | 3,862,560 | −57,661 | 3.0 | 53% |
| 2016 | 3,884,405 | 3,976,324 | −91,919 | 2.7 | 50% |
| 2017 | 4,016,221 | 3,850,278 | 165,943 | 3.2 | 53% |
| 2018 | 4,471,308 | 4,287,411 | 183,897 | 3.4 | 49% |
| 2019 | 4,837,604 | 4,803,750 | 33,854 | 3.1 | 49% |
| 2020 | 5,765,250 | 5,482,803 | 282,447 | 3.3 | 49% |
| 2021 | 6,653,044 | 6,113,466 | 539,578 | 4.0 | 49% |
| 2022 | 7,140,757 | 6,769,872 | 370,885 | 4.3 | 47% |
| 2023 | 7,093,812 | 7,422,891 | −329,079 | 3.4 | 47% |
In its most recent public year (2023), this organization spent $329,079 more than it brought in. Its reserves stood at about 3.4 months of spending, up from 1.3 in 2012. Staff pay was 47% of spending. $396,013 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
Westminster Academy'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