Wireless Power Consortium
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,127,084 | 1,596,855 | 530,229 | 35.6 | 0% |
| 2021 | 6,732,704 | 3,819,466 | 2,913,238 | 24.1 | 0% |
| 2022 | 6,244,735 | 5,809,541 | 435,194 | 16.7 | 4% |
| 2023 | 6,069,396 | 8,820,180 | −2,750,784 | 7.3 | 22% |
In its most recent public year (2023), this organization spent $2,750,784 more than it brought in. Its reserves stood at about 7.3 months of spending, down from 35.6 in 2020. Staff pay was 22% 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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