Umoja Magazine - Madison Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 77,500 | 19 | 77,481 | 48935.4 | — |
| 2019 | 289,832 | 135,817 | 154,015 | 20.5 | 0% |
| 2020 | 169,675 | 165,532 | 4,143 | 16.4 | — |
| 2021 | 79,929 | 125,563 | −45,634 | 17.3 | — |
| 2022 | 44,576 | 138,714 | −94,138 | 7.5 | — |
| 2023 | 78,079 | 164,834 | −86,755 | 6.9 | — |
In its most recent public year (2023), this organization spent $86,755 more than it brought in. Its reserves stood at about 6.9 months of spending, down from 48935.4 in 2018.
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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