Norwich University
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 126,948,271 | 120,894,092 | 6,054,179 | 23.1 | 27% |
| 2012 | 117,317,871 | 126,067,930 | −8,750,059 | 19.8 | 27% |
| 2013 | 139,348,968 | 130,367,398 | 8,981,570 | 22.2 | 27% |
| 2014 | 167,821,469 | 135,131,152 | 32,690,317 | 25.9 | 27% |
| 2015 | 162,308,235 | 144,415,969 | 17,892,266 | 25.3 | 27% |
| 2016 | 146,863,976 | 147,637,534 | −773,558 | 23.5 | 27% |
| 2017 | 160,530,250 | 161,911,665 | −1,381,415 | 23.0 | 25% |
| 2018 | 170,737,618 | 167,060,923 | 3,676,695 | 23.6 | 26% |
| 2019 | 178,415,780 | 174,011,657 | 4,404,123 | 22.8 | 25% |
| 2020 | 177,857,949 | 178,649,098 | −791,149 | 22.4 | 24% |
| 2021 | 181,187,651 | 177,215,212 | 3,972,439 | 30.9 | 25% |
| 2022 | 203,934,578 | 193,724,043 | 10,210,535 | 25.6 | 24% |
| 2023 | 192,660,298 | 196,525,026 | −3,864,728 | 24.0 | 28% |
In its most recent public year (2023), this organization spent $3,864,728 more than it brought in. Its reserves stood at about 24 months of spending. Staff pay was 28% of spending. $216,000,194 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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