Operating record

Chowan University

Murfreesboro, NC · EIN 56-0554199 · files full Form 990 · latest public year 2023

YearMoney inMoney outResultReserve mo.Staffing
2020$49,848,221$44,788,263$5,059,95820.726%
2021$45,020,286$41,850,270$3,170,01624.425%
2022$40,741,279$38,994,279$1,747,00025.427%
2023$36,112,157$40,244,568−$4,132,41123.226%

In its most recent public year (2023), this organization spent $4,132,411 more than it brought in. Its reserves stood at about 23.2 months of spending, up from 20.7 in 2020. Staff pay was 26% of spending. $31,644,808 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 ↗