Epic-Africa Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 0 | 0 | 0 | — | — |
| 2018 | 108,500 | 115,725 | −7,225 | 2.9 | — |
| 2019 | 35,000 | 51,841 | −16,841 | 2.6 | — |
| 2020 | 176,480 | 46,782 | 129,698 | 36.1 | — |
| 2021 | 227,840 | 150,388 | 77,452 | 17.4 | 0% |
| 2022 | 849,164 | 320,501 | 528,663 | 28.1 | 20% |
| 2023 | 495,046 | 649,173 | −154,127 | 11.0 | 32% |
In its most recent public year (2023), this organization spent $154,127 more than it brought in. Its reserves stood at about 11 months of spending. Staff pay was 32% 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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