Africa Development Promise
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 58,577 | 40,844 | 17,733 | 5.4 | 0% |
| 2015 | 112,860 | 111,761 | 1,099 | 2.1 | 17% |
| 2016 | 160,334 | 126,741 | 33,593 | 5.0 | 18% |
| 2017 | 232,114 | 205,750 | 26,364 | 4.6 | 30% |
| 2018 | 640,692 | 291,617 | 349,075 | 4.6 | 27% |
| 2019 | 176,119 | 232,290 | −56,171 | 2.8 | 34% |
| 2020 | 201,210 | 216,062 | −14,852 | 2.2 | 38% |
| 2021 | 354,267 | 297,082 | 57,185 | 3.9 | 33% |
| 2022 | 217,297 | 292,546 | −75,249 | 0.9 | 28% |
| 2023 | 307,342 | 289,721 | 17,621 | 1.6 | 6% |
In its most recent public year (2023), this organization brought in $17,621 more than it spent. Its reserves stood at about 1.6 months of spending, down from 5.4 in 2014. Staff pay was 6% of spending. $7,000 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
Africa Development Promise'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