The Foundation Of Wayne Community College Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 466,097 | 297,574 | 168,523 | 124.8 | 0% |
| 2012 | 572,149 | 323,607 | 248,542 | 123.0 | 0% |
| 2013 | 527,411 | 332,547 | 194,864 | 130.2 | 0% |
| 2014 | 813,543 | 343,339 | 470,204 | 148.6 | 0% |
| 2015 | 1,048,524 | 452,064 | 596,460 | 125.4 | 0% |
| 2016 | 764,887 | 476,583 | 288,304 | 143.4 | 0% |
| 2017 | 783,826 | 491,613 | 292,213 | 156.3 | 0% |
| 2018 | 122,105 | 535,335 | −413,230 | 139.6 | 0% |
| 2019 | 854,979 | 565,001 | 289,978 | 138.5 | 0% |
| 2020 | 1,219,932 | 707,299 | 512,633 | 121.8 | 0% |
| 2021 | 1,056,840 | 744,348 | 312,492 | 144.6 | 0% |
| 2022 | 3,126,979 | 1,606,086 | 1,520,893 | 71.0 | 0% |
| 2023 | 2,080,915 | 1,294,003 | 786,912 | 102.9 | 17% |
In its most recent public year (2023), this organization brought in $786,912 more than it spent. Its reserves stood at about 102.9 months of spending, down from 124.8 in 2011. Staff pay was 17% of spending. $8,504,167 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
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