Bae Systems Funded Retiree Welfare Benefit Tr
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 36,490,087 | 20,990,859 | 15,499,228 | 83.7 | 0% |
| 2011 | 27,227,254 | 26,900,787 | 326,467 | 65.5 | 0% |
| 2012 | 20,167,883 | 22,143,450 | −1,975,567 | 85.0 | 0% |
| 2013 | 23,279,675 | 15,352,609 | 7,927,066 | 143.2 | 0% |
| 2014 | 21,887,982 | 13,679,804 | 8,208,178 | 169.9 | 0% |
| 2015 | 24,418,428 | 14,877,319 | 9,541,109 | 153.3 | 0% |
| 2016 | 21,062,277 | 16,430,050 | 4,632,227 | 137.9 | 0% |
| 2017 | 22,886,844 | 13,134,862 | 9,751,982 | 189.7 | 1% |
| 2018 | 15,928,230 | 16,956,124 | −1,027,894 | 129.6 | 1% |
| 2019 | 15,371,928 | 11,973,626 | 3,398,302 | 214.6 | 1% |
| 2020 | 11,535,118 | 11,634,987 | −99,869 | 217.5 | 1% |
| 2021 | 16,917,143 | 14,559,462 | 2,357,681 | 170.1 | 1% |
| 2022 | −11,839,555 | 13,522,181 | −25,361,736 | 146.0 | 1% |
In its most recent public year (2022), this organization spent $25,361,736 more than it brought in. Its reserves stood at about 146 months of spending, up from 83.7 in 2010. Staff pay was 1% 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 2022. 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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