Limestone University
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 41,691,291 | 39,642,300 | 2,048,991 | 9.8 | 36% |
| 2012 | 41,397,542 | 40,733,024 | 664,518 | 9.7 | 38% |
| 2013 | 43,877,921 | 42,950,078 | 927,843 | 9.7 | 38% |
| 2014 | 50,308,456 | 47,024,189 | 3,284,267 | 10.0 | 36% |
| 2015 | 54,936,828 | 52,724,599 | 2,212,229 | 9.5 | 33% |
| 2016 | 52,822,118 | 51,601,422 | 1,220,696 | 10.0 | 32% |
| 2017 | 53,055,823 | 52,291,088 | 764,735 | 10.3 | 32% |
| 2018 | 53,790,811 | 49,791,727 | 3,999,084 | 12.0 | 31% |
| 2019 | 49,294,230 | 48,376,170 | 918,060 | 12.9 | 29% |
| 2020 | 49,959,571 | 50,480,921 | −521,350 | 12.5 | 28% |
| 2021 | 48,905,633 | 51,898,336 | −2,992,703 | 12.9 | 29% |
| 2022 | 58,516,588 | 60,433,607 | −1,917,019 | 9.4 | 27% |
| 2023 | 45,679,715 | 58,317,120 | −12,637,405 | 6.7 | 28% |
In its most recent public year (2023), this organization spent $12,637,405 more than it brought in. Its reserves stood at about 6.7 months of spending, down from 9.8 in 2011. Staff pay was 28% of spending. $31,405,843 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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