Ife Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 5,242,395 | 278,413 | 4,963,982 | 214.0 | 0% |
| 2013 | 2,151,411 | 350,343 | 1,801,068 | 231.7 | 0% |
| 2014 | 350,679 | 478,706 | −128,027 | 166.4 | 0% |
| 2015 | 308,973 | 491,967 | −182,994 | 157.4 | 0% |
| 2016 | 194,111 | 455,880 | −261,769 | 163.0 | 0% |
| 2017 | 20,093,294 | 400,355 | 19,692,939 | 775.9 | 0% |
| 2018 | 987,131 | 2,923,844 | −1,936,713 | 94.8 | 0% |
| 2019 | 14,271,515 | 1,681,074 | 12,590,441 | 290.0 | 0% |
| 2020 | −2,308,051 | 1,377,001 | −3,685,052 | 321.1 | 0% |
| 2021 | 3,012,688 | 2,703,198 | 309,490 | 170.1 | 0% |
| 2022 | 1,516,383 | 1,777,208 | −260,825 | 207.4 | 0% |
| 2023 | 593,602 | 1,979,058 | −1,385,456 | 213.7 | 0% |
In its most recent public year (2023), this organization spent $1,385,456 more than it brought in. Its reserves stood at about 213.7 months of spending. 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
Ife Foundation'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