African Center For Economic Transformation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 5,306,781 | 6,189,859 | −883,078 | 8.0 | 42% |
| 2012 | 4,818,089 | 6,003,380 | −1,185,291 | 5.9 | 47% |
| 2013 | 5,698,232 | 5,892,323 | −194,091 | 5.6 | 38% |
| 2014 | 5,112,935 | 5,569,262 | −456,327 | 4.9 | 34% |
| 2015 | 5,790,264 | 6,140,042 | −349,778 | 3.8 | 35% |
| 2016 | 3,759,567 | 4,999,805 | −1,240,238 | 1.7 | 28% |
| 2017 | 3,090,319 | 3,625,052 | −534,733 | 0.4 | 26% |
| 2018 | 3,798,926 | 3,272,737 | 526,189 | 2.4 | 23% |
| 2019 | 3,439,817 | 3,873,125 | −433,308 | 0.7 | 31% |
| 2020 | 5,242,319 | 4,182,350 | 1,059,969 | 3.7 | 29% |
| 2021 | 5,073,857 | 5,696,838 | −622,981 | 1.4 | 24% |
| 2022 | 5,485,959 | 5,464,301 | 21,658 | 0.6 | 25% |
| 2023 | 6,335,866 | 6,075,492 | 260,374 | 1.1 | 20% |
In its most recent public year (2023), this organization brought in $260,374 more than it spent. Its reserves stood at about 1.1 months of spending, down from 8 in 2011. Staff pay was 20% 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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