Thomas More College Of Liberal Arts Incorporated
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 4,781,626 | 3,993,696 | 787,930 | 16.4 | 31% |
| 2022 | 5,235,090 | 4,807,681 | 427,409 | 13.7 | 27% |
| 2023 | 5,141,359 | 5,211,264 | −69,905 | 12.4 | 26% |
| 2024 | 5,988,598 | 5,789,115 | 199,483 | 12.3 | 26% |
In its most recent public year (2024), this organization brought in $199,483 more than it spent. Its reserves stood at about 12.3 months of spending, down from 16.4 in 2021. Staff pay was 26% of spending. $2,667,630 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 2024. 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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