Paine College
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 17,609,115 | 16,614,108 | 995,007 | 14.3 | 2% |
| 2021 | 10,570,569 | 10,112,266 | 458,303 | 23.8 | 3% |
| 2022 | 15,043,450 | 13,772,542 | 1,270,908 | 15.9 | 3% |
| 2023 | 12,450,981 | 13,237,853 | −786,872 | 15.4 | 3% |
In its most recent public year (2023), this organization spent $786,872 more than it brought in. Its reserves stood at about 15.4 months of spending, up from 14.3 in 2020. Staff pay was 3% of spending. $6,656,756 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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