Lees-Mcrae College Incorporated
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 28,630,250 | 26,641,145 | 1,989,105 | 13.1 | 23% |
| 2012 | 26,402,554 | 25,423,013 | 979,541 | 13.7 | 23% |
| 2013 | 31,295,673 | 25,856,146 | 5,439,527 | 16.5 | 23% |
| 2014 | 30,788,826 | 27,217,266 | 3,571,560 | 17.7 | 23% |
| 2015 | 34,467,276 | 30,297,248 | 4,170,028 | 17.4 | 22% |
| 2016 | 36,668,079 | 32,514,034 | 4,154,045 | 17.3 | 22% |
| 2017 | 41,865,006 | 32,711,169 | 9,153,837 | 20.7 | 24% |
| 2018 | 31,105,379 | 28,114,622 | 2,990,757 | 25.6 | 29% |
| 2019 | 29,433,682 | 30,890,234 | −1,456,552 | 22.4 | 27% |
| 2020 | 32,982,748 | 30,349,611 | 2,633,137 | 24.0 | 28% |
| 2021 | 37,578,237 | 31,626,030 | 5,952,207 | 25.5 | 2% |
| 2022 | 41,070,473 | 37,354,274 | 3,716,199 | 21.9 | 26% |
| 2023 | 38,490,806 | 37,296,436 | 1,194,370 | 22.3 | 28% |
In its most recent public year (2023), this organization brought in $1,194,370 more than it spent. Its reserves stood at about 22.3 months of spending, up from 13.1 in 2011. Staff pay was 28% of spending. $35,792,585 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
Lees-Mcrae College Incorporated'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