Empowers Africa Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,912,750 | 1,950,648 | −37,898 | 0.4 | 6% |
| 2021 | 2,994,070 | 2,425,948 | 568,122 | 3.1 | 3% |
| 2022 | 1,716,127 | 2,275,214 | −559,087 | 0.3 | 4% |
| 2023 | 9,150,860 | 7,762,765 | 1,388,095 | 2.2 | 1% |
In its most recent public year (2023), this organization brought in $1,388,095 more than it spent. Its reserves stood at about 2.2 months of spending, up from 0.4 in 2020. Staff pay was 1% 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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