Reformed University Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,001,151 | 1,186,703 | −185,552 | 8.6 | 46% |
| 2021 | 1,317,110 | 736,949 | 580,161 | 25.9 | 8% |
| 2022 | 1,783,898 | 1,066,278 | 717,620 | 23.5 | 10% |
| 2023 | 2,022,088 | 1,117,578 | 904,510 | 31.5 | 11% |
In its most recent public year (2023), this organization brought in $904,510 more than it spent. Its reserves stood at about 31.5 months of spending, up from 8.6 in 2020. Staff pay was 11% 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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