African Bible Colleges Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 3,443,727 | 3,725,835 | −282,108 | 1.5 | 2% |
| 2012 | 4,419,681 | 3,967,107 | 452,574 | 2.7 | 2% |
| 2013 | 3,729,207 | 3,634,287 | 94,920 | 3.3 | 2% |
| 2014 | 4,047,245 | 4,027,893 | 19,352 | 3.0 | 3% |
| 2015 | 3,715,025 | 3,476,113 | 238,912 | 4.4 | 4% |
| 2016 | 3,961,646 | 3,549,476 | 412,170 | 5.7 | 3% |
| 2017 | 3,485,147 | 3,396,959 | 88,188 | 6.2 | 4% |
| 2018 | 3,662,774 | 3,678,792 | −16,018 | 5.7 | 4% |
| 2019 | 3,067,710 | 3,653,635 | −585,925 | 4.0 | 13% |
| 2020 | 3,230,177 | 2,760,160 | 470,017 | 7.6 | 17% |
| 2021 | 3,892,851 | 3,120,468 | 772,383 | 10.4 | 14% |
| 2022 | 3,615,247 | 3,475,269 | 139,978 | 7.9 | 14% |
| 2023 | 3,827,518 | 3,619,530 | 207,988 | 8.8 | 28% |
In its most recent public year (2023), this organization brought in $207,988 more than it spent. Its reserves stood at about 8.8 months of spending, up from 1.5 in 2011. Staff pay was 28% of spending. $1,701,827 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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