Ethiopian And Eritrean Cultural And Resource Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 78,109 | 32,078 | 46,031 | 17.5 | — |
| 2021 | 384,791 | 269,807 | 114,984 | 7.4 | 51% |
| 2022 | 602,068 | 648,395 | −46,327 | 2.2 | 56% |
| 2023 | 1,713,306 | 900,528 | 812,778 | 12.4 | 55% |
In its most recent public year (2023), this organization brought in $812,778 more than it spent. Its reserves stood at about 12.4 months of spending, down from 17.5 in 2020. Staff pay was 55% 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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