Pay It Forward Ethiopia
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 35,056 | 21,629 | 13,427 | 7.4 | 0% |
| 2017 | 66,742 | 58,383 | 8,359 | 4.5 | 10% |
| 2018 | 35,056 | 21,629 | 13,427 | 7.4 | 0% |
| 2019 | 155,463 | 86,963 | 68,500 | 11.5 | 0% |
| 2020 | 25,598 | 40,421 | −14,823 | 5.8 | 21% |
| 2021 | 49,599 | 85,135 | −35,536 | -2.3 | — |
| 2022 | 53,629 | 40,972 | 12,657 | -1.0 | — |
| 2023 | 27,952 | 48,100 | −20,148 | -5.9 | — |
In its most recent public year (2023), this organization spent $20,148 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-5.9 months), down from 7.4 in 2016.
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
Pay It Forward Ethiopia'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