President & Fellows Of Middlebury College
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 391,530,404 | 378,133,792 | 13,396,612 | 39.3 | 35% |
| 2020 | 400,272,194 | 360,929,342 | 39,342,852 | 40.4 | 37% |
| 2021 | 387,918,222 | 342,014,276 | 45,903,946 | 55.7 | 36% |
| 2022 | 498,919,126 | 389,176,145 | 109,742,981 | 47.9 | 34% |
| 2023 | 456,039,665 | 400,959,311 | 55,080,354 | 46.8 | 35% |
In its most recent public year (2023), this organization brought in $55,080,354 more than it spent. Its reserves stood at about 46.8 months of spending, up from 39.3 in 2019. Staff pay was 35% of spending. $1,368,053,280 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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