African Economic Development Solutions
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 5,145,016 | 3,917,111 | 1,227,905 | 6.8 | 11% |
| 2021 | 2,479,243 | 983,290 | 1,495,953 | 45.5 | 51% |
| 2022 | 3,784,754 | 3,113,284 | 671,470 | 17.0 | 24% |
| 2023 | 3,868,135 | 1,878,258 | 1,989,877 | 40.8 | 48% |
In its most recent public year (2023), this organization brought in $1,989,877 more than it spent. Its reserves stood at about 40.8 months of spending, up from 6.8 in 2020. Staff pay was 48% of spending. $2,680,665 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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