Excelsior University
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 64,507,116 | 65,683,265 | −1,176,149 | 5.1 | 55% |
| 2012 | 71,354,387 | 72,627,650 | −1,273,263 | 4.4 | 53% |
| 2013 | 81,445,618 | 77,999,272 | 3,446,346 | 4.6 | 55% |
| 2014 | 89,961,552 | 87,089,955 | 2,871,597 | 4.6 | 55% |
| 2015 | 97,480,199 | 94,887,466 | 2,592,733 | 4.5 | 58% |
| 2016 | 106,142,047 | 107,223,882 | −1,081,835 | 3.8 | 58% |
| 2017 | 101,411,943 | 99,258,639 | 2,153,304 | 4.4 | 59% |
| 2018 | 86,749,302 | 86,749,477 | −175 | 5.2 | 60% |
| 2019 | 79,948,998 | 74,833,487 | 5,115,511 | 7.0 | 57% |
| 2020 | 75,887,251 | 73,272,346 | 2,614,905 | 7.7 | 55% |
| 2021 | 78,298,930 | 76,656,661 | 1,642,269 | 8.5 | 55% |
| 2022 | 71,809,518 | 75,215,077 | −3,405,559 | 7.0 | 53% |
| 2023 | 74,436,577 | 70,026,821 | 4,409,756 | 8.5 | 54% |
In its most recent public year (2023), this organization brought in $4,409,756 more than it spent. Its reserves stood at about 8.5 months of spending, up from 5.1 in 2011. Staff pay was 54% of spending. $3,308,180 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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