Wave Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 306,966 | 308,580 | −1,614 | 12.9 | 69% |
| 2021 | 974,644 | 374,384 | 600,260 | 29.5 | 57% |
| 2022 | 819,918 | 644,877 | 175,041 | 20.4 | 44% |
| 2023 | 590,624 | 574,592 | 16,032 | 23.2 | 41% |
In its most recent public year (2023), this organization brought in $16,032 more than it spent. Its reserves stood at about 23.2 months of spending, up from 12.9 in 2020. Staff pay was 41% of spending. $291 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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