Wayne State Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 3,775,488 | 4,233,911 | −458,423 | 46.1 | 6% |
| 2013 | 4,294,407 | 3,713,215 | 581,192 | 61.0 | 7% |
| 2014 | 5,153,251 | 3,696,376 | 1,456,875 | 75.3 | 7% |
| 2015 | 4,521,869 | 3,556,435 | 965,434 | 83.1 | 9% |
| 2016 | 5,765,376 | 4,042,669 | 1,722,707 | 76.7 | 8% |
| 2017 | 6,463,797 | 5,354,951 | 1,108,846 | 66.5 | 5% |
| 2018 | 5,108,160 | 6,508,836 | −1,400,676 | 55.2 | 4% |
| 2019 | 6,472,386 | 5,893,088 | 579,298 | 65.2 | 8% |
| 2020 | 4,702,660 | 3,557,816 | 1,144,844 | 113.4 | 14% |
| 2021 | 4,518,187 | 3,869,267 | 648,920 | 130.0 | 13% |
| 2022 | 5,612,545 | 4,876,224 | 736,321 | 94.0 | 12% |
| 2023 | 6,398,455 | 5,803,578 | 594,877 | 84.4 | 11% |
In its most recent public year (2023), this organization brought in $594,877 more than it spent. Its reserves stood at about 84.4 months of spending, up from 46.1 in 2012. Staff pay was 11% of spending. $37,572,204 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
Wayne State Foundation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works