Waves Of Love Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 133,648 | 117,577 | 16,071 | 8.9 | — |
| 2021 | 113,736 | 136,213 | −22,477 | 5.7 | — |
| 2022 | 93,701 | 102,784 | −9,083 | 6.5 | — |
In its most recent public year (2022), this organization spent $9,083 more than it brought in. Its reserves stood at about 6.5 months of spending, down from 8.9 in 2020.
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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