Royal African Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 128,378 | 67,942 | 60,436 | 18.8 | — |
| 2021 | 348,327 | 253,881 | 94,446 | 9.5 | 0% |
| 2022 | 430,819 | 365,749 | 65,070 | 8.7 | 0% |
| 2023 | 485,702 | 424,594 | 61,108 | 9.2 | 0% |
In its most recent public year (2023), this organization brought in $61,108 more than it spent. Its reserves stood at about 9.2 months of spending, down from 18.8 in 2020. Staff pay was 0% of spending. $15,062 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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