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 $32.8 million in annual revenue for 2017, 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 2017
|Cash and cash equivalents||$8,236,063|
|Grants and contracts receivable||$25,060,559|
|Property and equipment, net||$1,812,868|
|LIABILITIES AND NET ASSETS|
|Accounts payable and accrued expenses||$1,022,556|
|TOTAL NET ASSETS||$30,074,242|
|TOTAL LIABILITIES AND NET ASSETS||$35,454,024|