Applied Research Foundation Of West Virginia
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 210,545 | 162,154 | 48,391 | 3.6 | 47% |
| 2021 | 381,845 | 393,459 | −11,614 | 1.1 | 31% |
| 2022 | 458,109 | 490,223 | −32,114 | 0.1 | 33% |
| 2023 | 397,727 | 404,383 | −6,656 | -0.1 | 40% |
| 2024 | 948,435 | 972,342 | −23,907 | -0.3 | 30% |
In its most recent public year (2024), this organization spent $23,907 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-0.3 months), down from 3.6 in 2020. Staff pay was 30% 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 2024. 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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