African Development Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,114,684 | 984,080 | 130,604 | 20.4 | 52% |
| 2012 | 719,321 | 1,057,668 | −338,347 | 15.2 | 53% |
| 2013 | 1,123,534 | 963,496 | 160,038 | 18.6 | 47% |
| 2014 | 776,116 | 661,624 | 114,492 | 22.6 | 43% |
| 2015 | 829,570 | 639,812 | 189,758 | 26.9 | 47% |
| 2016 | 752,574 | 838,035 | −85,461 | 19.3 | 40% |
| 2017 | 999,211 | 886,200 | 113,011 | 19.8 | 41% |
| 2018 | 1,157,798 | 952,278 | 205,520 | 21.0 | 43% |
| 2019 | 1,243,063 | 1,040,393 | 202,670 | 21.6 | 39% |
| 2020 | 3,230,798 | 1,152,266 | 2,078,532 | 41.1 | 41% |
| 2021 | 5,342,165 | 1,575,452 | 3,766,713 | 52.4 | 33% |
| 2022 | 4,002,961 | 2,168,783 | 1,834,178 | 48.2 | 31% |
| 2023 | 5,205,910 | 1,688,397 | 3,517,513 | 87.0 | 42% |
In its most recent public year (2023), this organization brought in $3,517,513 more than it spent. Its reserves stood at about 87 months of spending, up from 20.4 in 2011. Staff pay was 42% of spending. $250,000 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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