Ashesi University Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,466,353 | 1,804,041 | 662,312 | 15.5 | 9% |
| 2012 | 1,779,919 | 1,042,731 | 737,188 | 35.7 | 19% |
| 2013 | 3,790,656 | 2,248,187 | 1,542,469 | 24.4 | 9% |
| 2014 | 2,840,765 | 2,746,036 | 94,729 | 20.2 | 7% |
| 2015 | 3,531,647 | 1,741,068 | 1,790,579 | 44.1 | 12% |
| 2016 | 4,834,538 | 3,359,616 | 1,474,922 | 28.1 | 7% |
| 2017 | 4,641,435 | 5,095,471 | −454,036 | 17.6 | 6% |
| 2018 | 2,867,579 | 3,305,515 | −437,936 | 25.3 | 9% |
| 2019 | 3,177,995 | 2,633,567 | 544,428 | 34.7 | 13% |
| 2020 | 5,135,684 | 3,762,808 | 1,372,876 | 29.2 | 9% |
| 2021 | 4,145,019 | 4,589,884 | −444,865 | 23.1 | 10% |
| 2022 | 6,199,311 | 3,619,585 | 2,579,726 | 36.1 | 14% |
| 2023 | 13,838,904 | 5,292,487 | 8,546,417 | 45.3 | 12% |
In its most recent public year (2023), this organization brought in $8,546,417 more than it spent. Its reserves stood at about 45.3 months of spending, up from 15.5 in 2011. Staff pay was 12% of spending. $16,120,546 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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