Association Of African American Financial Advisors
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 155,413 | 148,047 | 7,366 | 0.6 | — |
| 2018 | 258,207 | 247,252 | 10,955 | 0.9 | 0% |
| 2019 | 454,863 | 427,340 | 27,523 | 1.3 | 0% |
| 2020 | 589,806 | 263,157 | 326,649 | 17.0 | 0% |
| 2021 | 315,796 | 162,706 | 153,090 | 38.8 | 18% |
| 2022 | 1,122,994 | 689,763 | 433,231 | 16.7 | 19% |
| 2023 | 1,583,517 | 2,349,346 | −765,829 | 1.0 | 15% |
In its most recent public year (2023), this organization spent $765,829 more than it brought in. Its reserves stood at about 1 months of spending. Staff pay was 15% 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
Association Of African American Financial Advisors'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