Spring Arbor University
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 64,332,717 | 66,707,606 | −2,374,889 | 6.2 | 34% |
| 2012 | 68,888,894 | 67,155,810 | 1,733,084 | 6.2 | 34% |
| 2013 | 67,411,336 | 63,830,945 | 3,580,391 | 7.5 | 34% |
| 2014 | 69,254,436 | 66,330,275 | 2,924,161 | 7.9 | 33% |
| 2015 | 67,123,148 | 65,849,585 | 1,273,563 | 8.3 | 33% |
| 2016 | 65,533,391 | 64,195,309 | 1,338,082 | 8.6 | 31% |
| 2017 | 71,595,982 | 64,961,756 | 6,634,226 | 9.6 | 30% |
| 2018 | 69,184,655 | 65,608,107 | 3,576,548 | 10.6 | 31% |
| 2019 | 72,035,689 | 66,234,924 | 5,800,765 | 11.3 | 31% |
| 2020 | 67,985,552 | 64,588,391 | 3,397,161 | 12.4 | 30% |
| 2021 | 70,872,846 | 61,470,748 | 9,402,098 | 16.0 | 31% |
| 2022 | 70,879,673 | 60,723,226 | 10,156,447 | 18.0 | 27% |
| 2023 | 57,791,065 | 59,385,693 | −1,594,628 | 18.2 | 27% |
In its most recent public year (2023), this organization spent $1,594,628 more than it brought in. Its reserves stood at about 18.2 months of spending, up from 6.2 in 2011. Staff pay was 27% of spending. $29,635,388 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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