Wake Forest University
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 459,484,038 | 381,652,270 | 77,831,768 | 27.9 | 40% |
| 2012 | 422,890,259 | 400,402,117 | 22,488,142 | 26.4 | 40% |
| 2013 | 496,807,541 | 414,540,069 | 82,267,472 | 28.2 | 40% |
| 2014 | 516,247,009 | 451,348,045 | 64,898,964 | 28.6 | 38% |
| 2015 | 541,016,369 | 453,328,263 | 87,688,106 | 29.7 | 38% |
| 2016 | 482,299,853 | 478,079,836 | 4,220,017 | 28.1 | 38% |
| 2017 | 650,698,331 | 497,688,005 | 153,010,326 | 30.9 | 38% |
| 2018 | 583,361,532 | 514,451,794 | 68,909,738 | 31.8 | 39% |
| 2019 | 636,454,264 | 553,710,404 | 82,743,860 | 31.2 | 38% |
| 2020 | 583,443,727 | 577,597,318 | 5,846,409 | 30.0 | 38% |
| 2021 | 681,736,258 | 585,188,441 | 96,547,817 | 36.1 | 39% |
| 2022 | 715,438,504 | 627,965,784 | 87,472,720 | 34.2 | 39% |
| 2023 | 686,860,190 | 654,792,741 | 32,067,449 | 34.0 | 38% |
In its most recent public year (2023), this organization brought in $32,067,449 more than it spent. Its reserves stood at about 34 months of spending, up from 27.9 in 2011. Staff pay was 38% of spending. $1,028,279,317 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
Wake Forest University'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