Refugees Enrichment & Development Association Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 102,360 | 49,919 | 52,441 | 18.6 | — |
| 2021 | 262,455 | 201,725 | 60,730 | 8.2 | 57% |
| 2022 | 378,762 | 466,839 | −88,077 | 1.3 | 52% |
| 2023 | 1,127,662 | 879,995 | 247,667 | 3.4 | 64% |
In its most recent public year (2023), this organization brought in $247,667 more than it spent. Its reserves stood at about 3.4 months of spending, down from 18.6 in 2020. Staff pay was 64% of spending. $247,667 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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