Wit Network Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 65,025 | 587 | 64,438 | 1317.3 | 0% |
| 2019 | 227,651 | 205,427 | 22,224 | 5.1 | 0% |
| 2020 | 524,908 | 426,459 | 98,449 | 5.2 | 0% |
| 2021 | 558,868 | 464,951 | 93,917 | 7.2 | 0% |
| 2022 | 587,416 | 544,709 | 42,707 | 7.1 | 0% |
| 2023 | 660,375 | 770,308 | −109,933 | 3.3 | 35% |
In its most recent public year (2023), this organization spent $109,933 more than it brought in. Its reserves stood at about 3.3 months of spending, down from 1317.3 in 2018. Staff pay was 35% 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
Wit Network Inc'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