Wells Mountain Initiative Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 115,989 | 116,254 | −265 | 4.2 | 0% |
| 2012 | 140,074 | 138,711 | 1,363 | 3.6 | 0% |
| 2013 | 149,020 | 129,397 | 19,623 | 5.7 | 0% |
| 2014 | 677,633 | 163,000 | 514,633 | 42.4 | 0% |
| 2015 | 192,528 | 234,049 | −41,521 | 27.4 | 0% |
| 2016 | 312,123 | 290,352 | 21,771 | 23.0 | 0% |
| 2017 | 1,474,273 | 498,475 | 975,798 | 36.9 | 0% |
| 2018 | 669,618 | 718,852 | −49,234 | 24.9 | 22% |
| 2019 | 765,635 | 655,848 | 109,787 | 29.3 | 27% |
| 2020 | 2,616,738 | 846,623 | 1,770,115 | 47.8 | 29% |
| 2021 | 541,087 | 849,467 | −308,380 | 43.3 | 26% |
| 2022 | 84,182 | 1,008,065 | −923,883 | 25.5 | 28% |
| 2023 | 958,653 | 1,186,832 | −228,179 | 21.0 | 38% |
In its most recent public year (2023), this organization spent $228,179 more than it brought in. Its reserves stood at about 21 months of spending, up from 4.2 in 2011. Staff pay was 38% of spending. $762,000 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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