Wellmed Charitable Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 6,336,513 | 4,912,448 | 1,424,065 | 8.9 | 11% |
| 2020 | 6,428,509 | 6,238,329 | 190,180 | 7.3 | 4% |
| 2021 | 6,529,021 | 6,554,392 | −25,371 | 6.9 | 3% |
| 2022 | 4,745,308 | 4,989,772 | −244,464 | 8.5 | 6% |
| 2023 | 3,838,583 | 3,960,192 | −121,609 | 10.4 | 11% |
In its most recent public year (2023), this organization spent $121,609 more than it brought in. Its reserves stood at about 10.4 months of spending, up from 8.9 in 2019. Staff pay was 11% 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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