Averett University
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 38,449,394 | 35,378,019 | 3,071,375 | 14.0 | 34% |
| 2012 | 37,593,144 | 38,198,868 | −605,724 | 12.4 | 34% |
| 2013 | 48,225,430 | 45,384,512 | 2,840,918 | 11.5 | 29% |
| 2014 | 43,509,992 | 43,278,264 | 231,728 | 12.3 | 30% |
| 2015 | 46,243,207 | 41,350,665 | 4,892,542 | 13.8 | 30% |
| 2016 | 43,967,154 | 44,419,650 | −452,496 | 12.5 | 28% |
| 2017 | 42,100,768 | 43,935,533 | −1,834,765 | 12.8 | 29% |
| 2018 | 50,335,729 | 47,360,819 | 2,974,910 | 12.9 | 29% |
| 2019 | 51,020,635 | 48,803,695 | 2,216,940 | 12.4 | 28% |
| 2020 | 51,016,894 | 48,500,590 | 2,516,304 | 12.7 | 28% |
| 2021 | 53,271,038 | 52,319,002 | 952,036 | 13.2 | 26% |
| 2022 | 52,537,799 | 58,894,855 | −6,357,056 | 9.8 | 24% |
| 2023 | 54,663,239 | 60,055,807 | −5,392,568 | 8.9 | 24% |
In its most recent public year (2023), this organization spent $5,392,568 more than it brought in. Its reserves stood at about 8.9 months of spending, down from 14 in 2011. Staff pay was 24% of spending. $34,695,034 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
Averett University's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works