Africa Mingrid Developers Association Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 477,981 | 214,325 | 263,656 | 14.8 | 57% |
| 2020 | 526,869 | 502,664 | 24,205 | 6.9 | 44% |
| 2021 | 893,875 | 540,011 | 353,864 | 14.3 | 40% |
| 2022 | 583,600 | 664,027 | −80,427 | 10.1 | 30% |
| 2023 | 1,046,481 | 1,308,225 | −261,744 | 2.7 | 13% |
In its most recent public year (2023), this organization spent $261,744 more than it brought in. Its reserves stood at about 2.7 months of spending, down from 14.8 in 2019. Staff pay was 13% 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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