The Society For Worldwide Medical Exchange Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 522,834 | 510,723 | 12,111 | -9.4 | 0% |
| 2020 | 74,365 | 73,958 | 407 | -65.0 | 0% |
| 2021 | 32,579 | 9,239 | 23,340 | -490.2 | 0% |
| 2022 | 406,689 | 414,350 | −7,661 | -11.1 | 0% |
| 2023 | 763,141 | 747,235 | 15,906 | -5.9 | 6% |
In its most recent public year (2023), this organization brought in $15,906 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-5.9 months), up from -9.4 in 2019. 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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