Eritrean Association In Greater Seattle
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 982,135 | 963,693 | 18,442 | 28.7 | 12% |
| 2021 | 1,395,374 | 927,337 | 468,037 | 35.9 | 27% |
| 2022 | 1,352,754 | 1,476,942 | −124,188 | 21.5 | 26% |
| 2023 | 1,336,358 | 1,473,882 | −137,524 | 20.5 | 42% |
In its most recent public year (2023), this organization spent $137,524 more than it brought in. Its reserves stood at about 20.5 months of spending, down from 28.7 in 2020. Staff pay was 42% of spending. $55,551 of its net assets are donor-restricted.
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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