Since it was first established in 2008, Results for Development (R4D) has grown from expenditures of $3.6 million to expenditures of more than $26 million.
Our most significant growth can be attributed to grant revenue — from $12.5 million in the first year to $33.6 million in annual revenue for 2016, with a significant amount of multi-year awards from some of the largest and most prestigious foundations in the world. Contract revenue has also significantly increased, and now represents a significant source of revenue that allows for growth and sustainability.
Financial Statement for Fiscal Year 2016
|Cash and cash equivalents||$15,478,887|
|Grants and contracts receivable||$11,624,623|
|Property and equipment, net||$2,084,355|
|LIABILITIES AND NET ASSETS|
|Accounts payable and accrued expenses||$1,037,396|
|TOTAL NET ASSETS||$24,019,730|
|TOTAL LIABILITIES AND NET ASSETS||$29,497,043|