University Of Mount Olive Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 52,487,807 | 49,799,338 | 2,688,469 | 7.5 | 31% |
| 2012 | 52,221,174 | 43,629,903 | 8,591,271 | 10.9 | 36% |
| 2013 | 46,166,527 | 42,500,670 | 3,665,857 | 12.3 | 37% |
| 2014 | 44,877,358 | 41,868,241 | 3,009,117 | 13.8 | 37% |
| 2015 | 46,697,854 | 45,570,221 | 1,127,633 | 12.7 | 38% |
| 2016 | 48,491,843 | 46,929,380 | 1,562,463 | 12.6 | 37% |
| 2017 | 43,076,285 | 49,689,783 | −6,613,498 | 12.4 | 36% |
| 2018 | 51,508,567 | 53,221,855 | −1,713,288 | 11.2 | 35% |
| 2019 | 49,969,029 | 53,478,474 | −3,509,445 | 10.9 | 35% |
| 2020 | 52,512,412 | 50,682,415 | 1,829,997 | 11.7 | 35% |
| 2021 | 52,108,039 | 47,876,675 | 4,231,364 | 15.4 | 34% |
| 2022 | 62,113,692 | 52,274,279 | 9,839,413 | 15.0 | 30% |
| 2023 | 50,389,774 | 47,108,899 | 3,280,875 | 18.7 | 32% |
In its most recent public year (2023), this organization brought in $3,280,875 more than it spent. Its reserves stood at about 18.7 months of spending, up from 7.5 in 2011. Staff pay was 32% of spending. $51,284,185 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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