Shenandoah University
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 100,293,910 | 90,692,688 | 9,601,222 | 14.5 | 40% |
| 2012 | 96,912,350 | 95,262,314 | 1,650,036 | 13.8 | 40% |
| 2013 | 110,565,557 | 98,211,366 | 12,354,191 | 15.2 | 39% |
| 2014 | 112,221,033 | 102,811,885 | 9,409,148 | 16.3 | 39% |
| 2015 | 116,724,989 | 109,432,273 | 7,292,716 | 15.6 | 39% |
| 2016 | 129,317,560 | 115,173,575 | 14,143,985 | 15.4 | 40% |
| 2017 | 123,893,221 | 120,972,470 | 2,920,751 | 15.5 | 39% |
| 2018 | 126,866,643 | 125,796,772 | 1,069,871 | 15.3 | 39% |
| 2019 | 126,554,454 | 128,638,642 | −2,084,188 | 14.5 | 40% |
| 2020 | 128,402,437 | 130,031,075 | −1,628,638 | 13.5 | 41% |
| 2021 | 145,533,392 | 129,821,525 | 15,711,867 | 16.1 | 39% |
| 2022 | 144,576,424 | 137,500,548 | 7,075,876 | 15.5 | 38% |
| 2023 | 149,163,647 | 144,223,335 | 4,940,312 | 15.8 | 38% |
In its most recent public year (2023), this organization brought in $4,940,312 more than it spent. Its reserves stood at about 15.8 months of spending, up from 14.5 in 2011. Staff pay was 38% of spending. $74,917,657 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
Shenandoah 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