The Welman Project
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 130,286 | 55,072 | 75,214 | 21.4 | — |
| 2019 | 132,152 | 169,936 | −37,784 | 4.3 | — |
| 2020 | 189,635 | 169,391 | 20,244 | 5.7 | — |
| 2021 | 380,822 | 326,787 | 54,035 | 4.9 | 65% |
| 2022 | 474,551 | 407,140 | 67,411 | 5.9 | 67% |
| 2023 | 439,069 | 510,584 | −71,515 | 3.0 | 75% |
In its most recent public year (2023), this organization spent $71,515 more than it brought in. Its reserves stood at about 3 months of spending, down from 21.4 in 2018. Staff pay was 75% 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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