Centenary University
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 57,760,457 | 53,817,997 | 3,942,460 | -1.5 | 27% |
| 2021 | 54,102,047 | 53,099,285 | 1,002,762 | -1.0 | 25% |
| 2022 | 56,230,393 | 57,530,891 | −1,300,498 | -1.9 | 23% |
| 2023 | 51,881,982 | 56,531,265 | −4,649,283 | -2.8 | 23% |
In its most recent public year (2023), this organization spent $4,649,283 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-2.8 months), down from -1.5 in 2020. Staff pay was 23% of spending. $11,748,141 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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