Abyssinian Development Corporation
| Year | Money in | Money out | Result | Reserve mo. | Staffing |
|---|---|---|---|---|---|
| 2017 | $37,237,464 | $15,634,649 | $21,602,815 | 37.4 | 13% |
| 2018 | $11,657,995 | $15,182,727 | −$3,524,732 | 35.7 | 17% |
| 2019 | $10,608,755 | $15,914,952 | −$5,306,197 | 30.0 | 12% |
| 2020 | $9,959,988 | $16,551,494 | −$6,591,506 | 23.8 | 12% |
| 2021 | $11,407,313 | $17,817,270 | −$6,409,957 | 19.5 | 10% |
| 2022 | $9,714,669 | $16,057,006 | −$6,342,337 | 15.9 | 12% |
| 2023 | $11,745,428 | $17,192,373 | −$5,446,945 | 9.0 | 11% |
In its most recent public year (2023), this organization spent $5,446,945 more than it brought in. Its reserves stood at about 9 months of spending, down from 37.4 in 2017. Staff pay was 11% of spending. $1,681,637 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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