Foundation For African Medicine And Education
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 643,842 | 605,194 | 38,648 | 9.2 | 0% |
| 2012 | 907,233 | 747,653 | 159,580 | 10.0 | 0% |
| 2013 | 1,066,824 | 739,912 | 326,912 | 15.4 | 1% |
| 2014 | 1,341,095 | 983,986 | 357,109 | 15.9 | 1% |
| 2015 | 1,343,575 | 1,293,155 | 50,420 | 12.6 | 0% |
| 2016 | 1,339,288 | 1,549,088 | −209,800 | 8.9 | 0% |
| 2017 | 1,650,773 | 1,758,537 | −107,764 | 7.1 | 4% |
| 2018 | 1,982,921 | 1,880,968 | 101,953 | 7.3 | 6% |
| 2019 | 2,056,355 | 1,997,987 | 58,368 | 7.2 | 5% |
| 2020 | 2,589,479 | 2,206,646 | 382,833 | 8.6 | 5% |
| 2021 | 2,437,772 | 2,413,323 | 24,449 | 8.0 | 5% |
| 2022 | 2,762,630 | 2,544,360 | 218,270 | 8.6 | 6% |
| 2023 | 2,296,997 | 2,845,513 | −548,516 | 5.4 | 6% |
In its most recent public year (2023), this organization spent $548,516 more than it brought in. Its reserves stood at about 5.4 months of spending, down from 9.2 in 2011. Staff pay was 6% of spending. $331,902 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
Foundation For African Medicine And Education's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works