Wafer Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 780,248 | 391,742 | 388,506 | 47.3 | 50% |
| 2021 | 1,276,006 | 453,015 | 822,991 | 62.5 | 42% |
| 2022 | 1,546,763 | 540,788 | 1,005,975 | 74.0 | 38% |
| 2023 | 1,508,441 | 1,222,554 | 285,887 | 35.6 | 18% |
In its most recent public year (2023), this organization brought in $285,887 more than it spent. Its reserves stood at about 35.6 months of spending, down from 47.3 in 2020. Staff pay was 18% of spending. $38,923 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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