North Carolina Independent Colleges & Universities
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 4,149,943 | 4,099,693 | 50,250 | 3.7 | 18% |
| 2012 | 4,358,492 | 4,209,247 | 149,245 | 4.0 | 19% |
| 2013 | 4,131,084 | 3,989,610 | 141,474 | 4.7 | 22% |
| 2014 | 3,346,937 | 3,310,710 | 36,227 | 5.7 | 27% |
| 2015 | 3,194,735 | 3,167,549 | 27,186 | 6.1 | 25% |
| 2016 | 3,098,795 | 2,945,902 | 152,893 | 7.2 | 27% |
| 2017 | 3,383,957 | 3,296,274 | 87,683 | 6.8 | 23% |
| 2018 | 3,314,632 | 3,194,052 | 120,580 | 7.5 | 26% |
| 2019 | 3,647,965 | 3,684,070 | −36,105 | 6.4 | 31% |
| 2020 | 3,771,725 | 3,363,246 | 408,479 | 8.4 | 33% |
| 2021 | 3,607,253 | 3,264,024 | 343,229 | 10.2 | 33% |
| 2022 | 4,017,915 | 3,359,455 | 658,460 | 11.3 | 34% |
| 2023 | 3,763,098 | 3,966,303 | −203,205 | 9.6 | 30% |
In its most recent public year (2023), this organization spent $203,205 more than it brought in. Its reserves stood at about 9.6 months of spending, up from 3.7 in 2011. Staff pay was 30% of spending. $1,028,662 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
North Carolina Independent Colleges & Universities'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