Wave Project
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 73,744 | 13,030 | 60,714 | 67.8 | — |
| 2020 | 45,431 | 35,847 | 9,584 | 27.9 | — |
| 2021 | 191,031 | 104,405 | 86,626 | 19.5 | — |
| 2022 | 178,586 | 150,799 | 27,787 | 15.7 | — |
| 2023 | 228,420 | 236,497 | −8,077 | 9.6 | 43% |
In its most recent public year (2023), this organization spent $8,077 more than it brought in. Its reserves stood at about 9.6 months of spending, down from 67.8 in 2019. Staff pay was 43% of spending. $50,259 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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