Northwestern University
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 3,140,527,328 | 3,013,193,839 | 127,333,489 | 49.6 | 39% |
| 2021 | 3,678,521,388 | 3,030,857,470 | 647,663,918 | 63.6 | 40% |
| 2023 | 3,319,115,351 | 3,655,717,485 | −336,602,134 | 49.1 | 37% |
In its most recent public year (2023), this organization spent $336,602,134 more than it brought in. Its reserves stood at about 49.1 months of spending. Staff pay was 37% of spending. $5,839,200,317 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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