The Armenian Eyecare Project
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,533,687 | 1,185,886 | 1,347,801 | 39.1 | 13% |
| 2021 | 2,577,746 | 1,931,656 | 646,090 | 28.0 | 7% |
| 2022 | 1,726,364 | 2,693,389 | −967,025 | 15.8 | 5% |
| 2023 | 1,905,387 | 2,282,436 | −377,049 | 16.6 | 5% |
In its most recent public year (2023), this organization spent $377,049 more than it brought in. Its reserves stood at about 16.6 months of spending, down from 39.1 in 2020. Staff pay was 5% 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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