Watts Healthcare Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 2,257,923 | 2,833,585 | −575,662 | 40.3 | 48% |
| 2011 | 31,641,664 | 31,030,775 | 610,889 | 3.9 | 50% |
| 2012 | 32,921,016 | 31,967,965 | 953,051 | 4.2 | 49% |
| 2013 | 33,506,938 | 33,406,035 | 100,903 | 4.0 | 46% |
| 2014 | 32,887,778 | 32,020,949 | 866,829 | 4.5 | 49% |
| 2015 | 34,103,368 | 32,713,651 | 1,389,717 | 4.9 | 51% |
| 2016 | 37,382,054 | 33,380,236 | 4,001,818 | 6.3 | 51% |
| 2017 | 36,848,477 | 36,272,972 | 575,505 | 6.0 | 50% |
| 2018 | 38,293,807 | 38,598,881 | −305,074 | 5.5 | 51% |
| 2019 | 39,305,023 | 40,478,743 | −1,173,720 | 4.9 | 53% |
| 2020 | 34,089,683 | 35,283,925 | −1,194,242 | 5.2 | 51% |
| 2021 | 39,954,426 | 35,665,913 | 4,288,513 | 6.5 | 49% |
| 2022 | 39,596,154 | 36,259,407 | 3,336,747 | 7.3 | 48% |
| 2023 | 36,937,251 | 38,105,438 | −1,168,187 | 6.6 | 45% |
In its most recent public year (2023), this organization spent $1,168,187 more than it brought in. Its reserves stood at about 6.6 months of spending, down from 40.3 in 2010. Staff pay was 45% of spending. $2,000,000 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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