Mars Hill University
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 61,921,343 | 51,775,880 | 10,145,463 | 23.7 | 27% |
| 2021 | 54,418,250 | 53,958,339 | 459,911 | 25.9 | 25% |
| 2022 | 63,249,130 | 53,773,460 | 9,475,670 | 27.0 | 22% |
| 2023 | 52,018,098 | 54,744,823 | −2,726,725 | 25.5 | 22% |
In its most recent public year (2023), this organization spent $2,726,725 more than it brought in. Its reserves stood at about 25.5 months of spending, up from 23.7 in 2020. Staff pay was 22% of spending. $83,144,429 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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