West Virginia High Technology Consortium Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,051,774 | 2,583,635 | −1,531,861 | 6.5 | 53% |
| 2021 | 1,148,686 | 2,439,606 | −1,290,920 | 2.5 | 48% |
| 2022 | 1,032,927 | 1,960,613 | −927,686 | 0.1 | 57% |
| 2023 | 694,424 | 1,820,500 | −1,126,076 | -2.6 | 64% |
In its most recent public year (2023), this organization spent $1,126,076 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-2.6 months), down from 6.5 in 2020. Staff pay was 64% 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 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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