The Scholarship Foundation Of Wakefield Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 949,909 | 653,064 | 296,845 | 233.5 | 10% |
| 2015 | 2,726,895 | 654,658 | 2,072,237 | 254.3 | 10% |
| 2016 | 2,177,658 | 671,323 | 1,506,335 | 277.5 | 10% |
| 2017 | 1,747,781 | 745,214 | 1,002,567 | 287.7 | 10% |
| 2018 | 1,708,798 | 830,654 | 878,144 | 247.7 | 9% |
| 2019 | 1,731,281 | 897,547 | 833,734 | 270.8 | 9% |
| 2020 | 1,060,735 | 901,327 | 159,408 | 284.0 | 9% |
| 2021 | 1,843,258 | 967,426 | 875,832 | 292.5 | 11% |
| 2022 | 1,333,603 | 1,020,896 | 312,707 | 240.2 | 10% |
| 2023 | 1,198,955 | 1,051,683 | 147,272 | 252.1 | 12% |
In its most recent public year (2023), this organization brought in $147,272 more than it spent. Its reserves stood at about 252.1 months of spending, up from 233.5 in 2014. Staff pay was 12% of spending. $13,426,268 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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