Friends Of East Africa Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 270,600 | 183,694 | 86,906 | 14.5 | 0% |
| 2021 | 638,058 | 594,041 | 44,017 | 5.4 | 0% |
| 2022 | 973,612 | 874,283 | 99,329 | 5.5 | 0% |
| 2023 | 492,768 | 656,216 | −163,448 | 4.1 | 0% |
In its most recent public year (2023), this organization spent $163,448 more than it brought in. Its reserves stood at about 4.1 months of spending, down from 14.5 in 2020. Staff pay was 0% of spending. $11,750 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
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