Wex Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 245,056 | 192,428 | 52,628 | 8.5 | 22% |
| 2018 | 244,212 | 241,676 | 2,536 | 7.6 | 21% |
| 2019 | 524,650 | 337,457 | 187,193 | 12.7 | 23% |
| 2020 | 559,917 | 399,376 | 160,541 | 15.5 | 27% |
| 2021 | 485,831 | 432,317 | 53,514 | 3.5 | 25% |
| 2022 | 251,065 | 260,078 | −9,013 | 5.4 | 29% |
In its most recent public year (2022), this organization spent $9,013 more than it brought in. Its reserves stood at about 5.4 months of spending, down from 8.5 in 2017. Staff pay was 29% 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 2022. 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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