Ocean Sole Africa Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 84,626 | 90,769 | −6,143 | -0.8 | — |
| 2020 | 273,629 | 249,819 | 23,810 | 0.8 | 0% |
| 2021 | 412,477 | 425,273 | −12,796 | 30.8 | 11% |
| 2022 | 339,066 | 490,490 | −151,424 | 23.0 | 25% |
In its most recent public year (2022), this organization spent $151,424 more than it brought in. Its reserves stood at about 23 months of spending, up from -0.8 in 2019. Staff pay was 25% 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 2022. 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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