Connect Africa Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 182,929 | 55,338 | 127,591 | 36.2 | — |
| 2012 | 120,586 | 60,887 | 59,699 | 44.6 | — |
| 2013 | 153,452 | 104,410 | 49,042 | 31.7 | — |
| 2014 | 167,122 | 121,878 | 45,244 | 31.6 | — |
| 2015 | 193,610 | 118,147 | 75,463 | 40.2 | — |
| 2016 | 199,196 | 106,325 | 92,871 | 55.2 | — |
| 2017 | 276,564 | 141,194 | 135,370 | 53.1 | 0% |
| 2018 | 150,301 | 141,410 | 8,891 | 53.7 | 7% |
| 2019 | 155,709 | 152,199 | 3,510 | 50.2 | 7% |
| 2020 | 191,807 | 153,172 | 38,635 | 52.9 | 0% |
| 2021 | 236,560 | 150,437 | 86,123 | 60.8 | 0% |
| 2022 | 454,271 | 177,036 | 277,235 | 68.3 | 0% |
| 2023 | 173,639 | 175,965 | −2,326 | 72.8 | 0% |
In its most recent public year (2023), this organization spent $2,326 more than it brought in. Its reserves stood at about 72.8 months of spending, up from 36.2 in 2011. Staff pay was 0% 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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