African Community Education Program
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 619,987 | 618,040 | 1,947 | 6.9 | 75% |
| 2021 | 1,657,988 | 768,692 | 889,296 | 19.4 | 76% |
| 2022 | 4,487,040 | 1,438,828 | 3,048,212 | 35.9 | 57% |
| 2023 | 6,692,430 | 2,168,128 | 4,524,302 | 48.9 | 58% |
In its most recent public year (2023), this organization brought in $4,524,302 more than it spent. Its reserves stood at about 48.9 months of spending, up from 6.9 in 2020. Staff pay was 58% of spending. $3,828,603 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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