Southern Wesleyan University
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 34,040,688 | 32,599,593 | 1,441,095 | 12.3 | 29% |
| 2022 | 38,099,449 | 31,553,513 | 6,545,936 | 15.1 | 26% |
| 2023 | 29,832,627 | 28,981,278 | 851,349 | 17.0 | 29% |
In its most recent public year (2023), this organization brought in $851,349 more than it spent. Its reserves stood at about 17 months of spending, up from 12.3 in 2021. Staff pay was 29% of spending. $11,861,805 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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