Furman University
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 196,519,985 | 171,791,516 | 24,728,469 | 53.5 | 31% |
| 2012 | 195,122,523 | 180,858,815 | 14,263,708 | 50.4 | 30% |
| 2013 | 207,569,514 | 185,180,548 | 22,388,966 | 52.8 | 30% |
| 2014 | 234,633,801 | 193,976,803 | 40,656,998 | 54.9 | 28% |
| 2015 | 231,589,958 | 198,719,469 | 32,870,489 | 53.2 | 28% |
| 2016 | 244,891,433 | 209,953,696 | 34,937,737 | 51.1 | 28% |
| 2017 | 236,262,974 | 221,185,222 | 15,077,752 | 51.3 | 28% |
| 2018 | 235,043,792 | 230,519,501 | 4,524,291 | 50.9 | 28% |
| 2019 | 234,337,015 | 237,513,970 | −3,176,955 | 48.8 | 29% |
| 2020 | 208,077,263 | 233,094,116 | −25,016,853 | 47.9 | 30% |
| 2021 | 303,593,837 | 213,669,090 | 89,924,747 | 65.9 | 31% |
| 2022 | 253,351,985 | 239,545,718 | 13,806,267 | 57.1 | 29% |
| 2023 | 223,194,398 | 256,073,141 | −32,878,743 | 51.3 | 26% |
In its most recent public year (2023), this organization spent $32,878,743 more than it brought in. Its reserves stood at about 51.3 months of spending, down from 53.5 in 2011. Staff pay was 26% of spending. $729,611,636 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
Furman University'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