African Association Of Madison Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,325 | 8,642 | −7,317 | 15.6 | — |
| 2021 | 33,716 | 25,190 | 8,526 | 9.4 | — |
| 2022 | 37,586 | 29,855 | 7,731 | 11.1 | — |
| 2023 | 44,451 | 27,083 | 17,368 | 15.7 | — |
In its most recent public year (2023), this organization brought in $17,368 more than it spent. Its reserves stood at about 15.7 months 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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