Innovation Africa
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 336,018 | 338,192 | −2,174 | 0.9 | 9% |
| 2011 | 601,893 | 422,743 | 179,150 | 5.8 | 26% |
| 2012 | 505,097 | 542,957 | −37,860 | 3.7 | 30% |
| 2013 | 934,758 | 713,806 | 220,952 | 6.5 | 39% |
| 2014 | 3,724,405 | 1,495,540 | 2,228,865 | 21.2 | 32% |
| 2015 | 1,477,351 | 1,286,477 | 190,874 | 26.5 | 36% |
| 2016 | 1,045,980 | 1,197,086 | −151,106 | 26.9 | 32% |
| 2017 | 3,720,693 | 1,801,440 | 1,919,253 | 30.7 | 23% |
| 2018 | 5,602,714 | 3,255,381 | 2,347,333 | 19.4 | 12% |
| 2019 | 8,375,529 | 6,427,566 | 1,947,963 | 13.7 | 8% |
| 2020 | 7,806,976 | 9,863,883 | −2,056,907 | 5.7 | 6% |
| 2021 | 16,340,258 | 15,566,730 | 773,528 | 4.0 | 6% |
| 2022 | 22,997,994 | 21,105,995 | 1,891,999 | 4.2 | 3% |
| 2023 | 18,361,095 | 20,453,880 | −2,092,785 | 3.1 | 3% |
In its most recent public year (2023), this organization spent $2,092,785 more than it brought in. Its reserves stood at about 3.1 months of spending, up from 0.9 in 2010. Staff pay was 3% of spending. $1,563,531 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
Innovation Africa'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