First African Community Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 181,001 | 184,283 | −3,282 | 0.5 | 0% |
| 2012 | 208,594 | 203,344 | 5,250 | 0.8 | 0% |
| 2013 | 195,625 | 107,560 | 88,065 | 0.5 | 0% |
| 2014 | 8,067 | 34,727 | −26,660 | 1.7 | 0% |
| 2015 | 42,988 | 40,855 | 2,133 | 2.1 | 0% |
| 2016 | 99,449 | 92,515 | 6,934 | 1.8 | — |
| 2017 | 22,979 | 21,574 | 1,405 | 8.6 | — |
| 2018 | 39,207 | 41,254 | −2,047 | 4.4 | — |
| 2019 | 23,756 | 30,588 | −6,832 | 3.3 | — |
| 2020 | 489,768 | 253,831 | 235,937 | 5.2 | 0% |
| 2021 | 360,949 | 167,300 | 193,649 | 21.7 | 0% |
| 2022 | 235,579 | 412,323 | −176,744 | 3.7 | 9% |
| 2023 | 338,693 | 291,434 | 47,259 | 7.9 | 20% |
In its most recent public year (2023), this organization brought in $47,259 more than it spent. Its reserves stood at about 7.9 months of spending, up from 0.5 in 2011. Staff pay was 20% 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
First African Community Development Corporation'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