Joseph L Wolcott Scholarship Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 218,129 | 247,706 | −29,577 | 56.4 | 14% |
| 2022 | 248,639 | 198,346 | 50,293 | 73.5 | 19% |
| 2023 | 314,680 | 199,672 | 115,008 | 79.9 | 20% |
| 2024 | 278,738 | 244,847 | 33,891 | 66.8 | 17% |
In its most recent public year (2024), this organization brought in $33,891 more than it spent. Its reserves stood at about 66.8 months of spending, up from 56.4 in 2021. Staff pay was 17% 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 2024. 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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