Leadership Education Mission For Africa - Lema Institute
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 90,683 | 72,529 | 18,154 | 4.1 | — |
| 2021 | 196,726 | 175,340 | 21,386 | 3.1 | — |
| 2022 | 385,289 | 285,636 | 99,653 | 6.1 | 21% |
| 2023 | 241,219 | 283,378 | −42,159 | 0.8 | 37% |
In its most recent public year (2023), this organization spent $42,159 more than it brought in. Its reserves stood at about 0.8 months of spending, down from 4.1 in 2020. Staff pay was 37% of spending. $59,507 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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