Project Wet Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,990,074 | 1,878,120 | 1,111,954 | 23.0 | 44% |
| 2012 | 1,249,616 | 1,590,560 | −340,944 | 24.6 | 49% |
| 2013 | 760,457 | 1,645,110 | −884,653 | 17.3 | 67% |
| 2014 | 2,725,247 | 1,340,186 | 1,385,061 | 33.7 | 56% |
| 2015 | 835,580 | 1,389,348 | −553,768 | 27.7 | 54% |
| 2016 | 1,138,729 | 1,481,609 | −342,880 | 23.2 | 53% |
| 2017 | 1,216,043 | 1,662,241 | −446,198 | 17.4 | 50% |
| 2018 | 953,942 | 1,531,869 | −577,927 | 14.0 | 54% |
| 2019 | 754,564 | 1,467,712 | −713,148 | 11.4 | 50% |
| 2020 | 743,373 | 1,015,519 | −272,146 | 14.2 | 48% |
| 2021 | 911,425 | 822,643 | 88,782 | 19.2 | 53% |
| 2022 | 767,037 | 981,508 | −214,471 | 11.3 | 50% |
| 2023 | 639,047 | 938,533 | −299,486 | 8.8 | 47% |
In its most recent public year (2023), this organization spent $299,486 more than it brought in. Its reserves stood at about 8.8 months of spending, down from 23 in 2011. Staff pay was 47% 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
Project Wet Foundation'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