Africa Advancing Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 41,105 | 13,111 | 27,994 | 25.6 | 0% |
| 2016 | 44,740 | 44,740 | 0 | 0.8 | 0% |
| 2017 | 58,088 | 48,762 | 9,326 | 3.0 | 0% |
| 2018 | 37,295 | 33,294 | 4,001 | 0.2 | 69% |
| 2019 | 29,231 | 29,231 | 0 | 0.6 | 79% |
| 2020 | 47,767 | 47,767 | 0 | 0.4 | 76% |
| 2021 | 52,130 | 52,130 | 0 | 0.4 | 93% |
| 2022 | 61,442 | 61,442 | 0 | 0.3 | 89% |
| 2023 | 134,728 | 134,728 | 0 | 0.1 | 48% |
In its most recent public year (2023), this organization brought in $0 more than it spent. Its reserves stood at about 0.1 months of spending, down from 25.6 in 2015. Staff pay was 48% of spending.
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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