University Of Akron Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 20,595,370 | 16,689,209 | 3,906,161 | 103.8 | 0% |
| 2012 | 17,046,054 | 11,575,284 | 5,470,770 | 148.0 | 0% |
| 2013 | 16,614,452 | 12,794,229 | 3,820,223 | 144.4 | 0% |
| 2014 | 41,096,467 | 13,938,123 | 27,158,344 | 153.7 | 0% |
| 2015 | 20,667,291 | 18,306,008 | 2,361,283 | 114.1 | 0% |
| 2016 | 22,439,793 | 16,799,846 | 5,639,947 | 123.7 | 0% |
| 2017 | 20,410,174 | 20,522,088 | −111,914 | 107.9 | 0% |
| 2018 | 34,558,263 | 19,676,287 | 14,881,976 | 124.2 | 0% |
| 2019 | 19,069,169 | 24,105,670 | −5,036,501 | 99.3 | 0% |
| 2020 | 14,662,521 | 16,001,825 | −1,339,304 | 145.8 | 0% |
| 2021 | 29,706,215 | 16,434,477 | 13,271,738 | 176.8 | 0% |
| 2022 | 26,694,571 | 17,424,752 | 9,269,819 | 158.6 | 0% |
| 2023 | 16,632,940 | 18,797,090 | −2,164,150 | 154.9 | 0% |
In its most recent public year (2023), this organization spent $2,164,150 more than it brought in. Its reserves stood at about 154.9 months of spending, up from 103.8 in 2011. Staff pay was 0% of spending. $232,255,177 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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