Medhanie Alem Eritrean Orthodox Tewahdo Church Raleigh Nc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 52,316 | 14,686 | 37,630 | 38.2 | 91% |
| 2021 | 92,370 | 39,069 | 53,301 | 0.0 | 77% |
| 2022 | 71,067 | 44,471 | 26,596 | 34.2 | 61% |
| 2023 | 42,491 | 49,063 | −6,572 | 0.0 | 64% |
In its most recent public year (2023), this organization spent $6,572 more than it brought in. Its reserves stood at about 0 months of spending, down from 38.2 in 2020. Staff pay was 64% 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
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