African Development Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 0 | 2,301 | −2,301 | 109.8 | — |
| 2021 | 0 | 12,689 | −12,689 | 7.9 | — |
| 2023 | 12,783 | 10,006 | 2,777 | 7.6 | — |
In its most recent public year (2023), this organization brought in $2,777 more than it spent. Its reserves stood at about 7.6 months of spending, down from 109.8 in 2020.
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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