Coafrica
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 128,493 | 97,654 | 30,839 | 3.8 | — |
| 2021 | 665,315 | 593,049 | 72,266 | 2.1 | 6% |
| 2022 | 2,352,884 | 844,536 | 1,508,348 | 22.9 | 6% |
| 2023 | 609,019 | 1,561,603 | −952,584 | 5.0 | 3% |
In its most recent public year (2023), this organization spent $952,584 more than it brought in. Its reserves stood at about 5 months of spending, up from 3.8 in 2020. Staff pay was 3% 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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