Wake Electric Membership Corp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 97,434,140 | 97,434,140 | 0 | 13.0 | 6% |
| 2021 | 101,861,632 | 101,861,632 | 0 | 13.2 | 6% |
| 2022 | 104,928,493 | 104,928,493 | 0 | 13.2 | 6% |
| 2023 | 105,727,856 | 105,727,856 | 0 | 13.1 | 6% |
In its most recent public year (2023), this organization brought in $0 more than it spent. Its reserves stood at about 13.1 months of spending. Staff pay was 6% 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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