African Resource Center Of West Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 99,737 | 52,186 | 47,551 | 18.4 | — |
| 2021 | 111,668 | 79,775 | 31,893 | 16.9 | — |
| 2022 | 324,487 | 149,027 | 175,460 | 21.4 | 38% |
| 2023 | 52,798 | 155,559 | −102,761 | 12.5 | 62% |
In its most recent public year (2023), this organization spent $102,761 more than it brought in. Its reserves stood at about 12.5 months of spending, down from 18.4 in 2020. Staff pay was 62% of spending. $108,276 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
A new entry when its next filing is released. No account, no email; works in any feed reader, Slack, or automation tool. How following works