Association Of Black Cardiologists
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,366,076 | 1,937,333 | −571,257 | -1.0 | 26% |
| 2012 | 1,830,148 | 1,771,906 | 58,242 | -0.6 | 28% |
| 2013 | 1,651,153 | 1,523,185 | 127,968 | 0.2 | 28% |
| 2014 | 1,747,400 | 1,370,825 | 376,575 | 3.3 | 19% |
| 2015 | 3,196,620 | 2,493,698 | 702,922 | 5.2 | 14% |
| 2016 | 2,962,200 | 3,090,794 | −128,594 | 3.7 | 16% |
| 2017 | 3,925,835 | 3,485,615 | 440,220 | 4.8 | 15% |
| 2018 | 3,674,112 | 3,636,272 | 37,840 | 4.7 | 13% |
| 2019 | 3,212,687 | 2,844,422 | 368,265 | 7.7 | 17% |
| 2020 | 3,641,429 | 2,594,883 | 1,046,546 | 13.9 | 24% |
| 2021 | 3,024,726 | 2,995,748 | 28,978 | 12.1 | 29% |
| 2022 | 4,984,157 | 4,865,731 | 118,426 | 6.6 | 23% |
| 2023 | 5,077,935 | 4,852,343 | 225,592 | 8.3 | 20% |
In its most recent public year (2023), this organization brought in $225,592 more than it spent. Its reserves stood at about 8.3 months of spending, up from -1 in 2011. Staff pay was 20% 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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