West Virginia University Innovation Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 1,023,519 | 2,559,274 | −1,535,755 | -7.2 | 6% |
| 2017 | 3,182,657 | 5,281,397 | −2,098,740 | -8.3 | 26% |
| 2018 | 3,837,215 | 5,182,187 | −1,344,972 | -11.5 | 39% |
| 2019 | 4,275,131 | 5,597,999 | −1,322,868 | -13.5 | 39% |
| 2020 | 4,046,281 | 5,375,855 | −1,329,574 | -17.0 | 29% |
| 2021 | 5,942,099 | 4,495,121 | 1,446,978 | -16.5 | 30% |
| 2022 | 2,370,971 | 4,926,198 | −2,555,227 | 128.5 | 23% |
| 2023 | 1,493,034 | 8,167,782 | −6,674,748 | 67.7 | 31% |
In its most recent public year (2023), this organization spent $6,674,748 more than it brought in. Its reserves stood at about 67.7 months of spending, up from -7.2 in 2016. Staff pay was 31% 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
West Virginia University Innovation Corporation'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