Ferrum College
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 50,466,390 | 44,925,689 | 5,540,701 | 18.7 | 33% |
| 2012 | 52,575,791 | 48,958,525 | 3,617,266 | 17.7 | 33% |
| 2013 | 54,255,347 | 52,553,634 | 1,701,713 | 17.9 | 32% |
| 2014 | 56,312,691 | 53,793,788 | 2,518,903 | 19.2 | 30% |
| 2015 | 58,441,065 | 56,950,012 | 1,491,053 | 18.3 | 29% |
| 2016 | 53,961,422 | 54,484,433 | −523,011 | 18.7 | 30% |
| 2017 | 57,698,507 | 54,376,055 | 3,322,452 | 20.5 | 29% |
| 2018 | 51,272,796 | 53,566,276 | −2,293,480 | 20.7 | 2% |
| 2019 | 52,056,769 | 53,791,127 | −1,734,358 | 20.6 | 29% |
| 2020 | 50,862,337 | 53,101,585 | −2,239,248 | 20.6 | 27% |
| 2021 | 55,095,232 | 50,724,669 | 4,370,563 | 25.3 | 24% |
| 2022 | 48,896,269 | 51,555,496 | −2,659,227 | 22.9 | 25% |
| 2023 | 43,486,308 | 48,426,770 | −4,940,462 | 24.3 | 26% |
In its most recent public year (2023), this organization spent $4,940,462 more than it brought in. Its reserves stood at about 24.3 months of spending, up from 18.7 in 2011. Staff pay was 26% of spending. $54,232,354 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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