Black United Fund Of Illinois Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 2,215,650 | 2,307,630 | −91,980 | 2.1 | 61% |
| 2020 | 2,166,585 | 2,241,913 | −75,328 | 3.3 | 68% |
| 2021 | 0 | 0 | 0 | — | — |
| 2022 | 2,762,346 | 2,705,210 | 57,136 | 3.7 | 59% |
| 2023 | 2,508,128 | 2,679,785 | −171,657 | 3.3 | 65% |
In its most recent public year (2023), this organization spent $171,657 more than it brought in. Its reserves stood at about 3.3 months of spending, up from 2.1 in 2017. Staff pay was 65% 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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