Philip R Wood Scholarship Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,961 | 930 | 2,031 | 251.9 | — |
| 2021 | 3,440 | 1,450 | 1,990 | 176.2 | — |
| 2022 | 2,822 | 3,825 | −1,003 | 59.2 | — |
| 2023 | 6,733 | 3,250 | 3,483 | 84.9 | — |
In its most recent public year (2023), this organization brought in $3,483 more than it spent. Its reserves stood at about 84.9 months of spending, down from 251.9 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 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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