Washington Adventist University Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 36,010,554 | 37,969,147 | −1,958,593 | 9.8 | 33% |
| 2021 | 36,340,942 | 34,319,413 | 2,021,529 | 11.7 | 31% |
| 2022 | 30,377,539 | 42,073,313 | −11,695,774 | 5.7 | 26% |
| 2023 | 29,533,078 | 35,976,468 | −6,443,390 | 4.6 | 32% |
In its most recent public year (2023), this organization spent $6,443,390 more than it brought in. Its reserves stood at about 4.6 months of spending, down from 9.8 in 2020. Staff pay was 32% of spending. $6,678,458 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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