Building African American Minds Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 140,086 | 115,496 | 24,590 | 8.5 | — |
| 2013 | 142,281 | 114,655 | 27,626 | 11.5 | — |
| 2014 | 187,866 | 118,524 | 69,342 | 18.1 | — |
| 2015 | 168,547 | 149,019 | 19,528 | 16.0 | — |
| 2016 | 193,681 | 166,873 | 26,808 | 16.2 | — |
| 2017 | 338,035 | 210,454 | 127,581 | 20.1 | 65% |
| 2018 | 1,189,737 | 244,222 | 945,515 | 63.8 | 67% |
| 2019 | 1,059,571 | 332,515 | 727,056 | 73.1 | 71% |
| 2020 | 2,440,684 | 574,446 | 1,866,238 | 81.3 | 59% |
| 2021 | 3,143,448 | 647,675 | 2,495,773 | 118.4 | 56% |
| 2022 | 2,309,032 | 833,525 | 1,475,507 | 113.2 | 62% |
| 2023 | 2,151,906 | 1,213,864 | 938,042 | 87.0 | 65% |
In its most recent public year (2023), this organization brought in $938,042 more than it spent. Its reserves stood at about 87 months of spending, up from 8.5 in 2012. Staff pay was 65% 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
Building African American Minds Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works