Westminster-Canterbury Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 159,841 | 10,244 | 149,597 | 3449.0 | 0% |
| 2022 | 159,346 | 9,694 | 149,652 | 990.9 | 0% |
| 2023 | 129,147 | 171,996 | −42,849 | 137.3 | 60% |
In its most recent public year (2023), this organization spent $42,849 more than it brought in. Its reserves stood at about 137.3 months of spending, down from 3449 in 2021. Staff pay was 60% 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
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