Sacred Heart University
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 378,358,523 | 327,336,916 | 51,021,607 | 18.6 | 30% |
| 2021 | 421,283,865 | 355,369,225 | 65,914,640 | 20.7 | 27% |
| 2022 | 476,875,710 | 399,996,051 | 76,879,659 | 20.0 | 27% |
| 2023 | 509,040,952 | 424,623,112 | 84,417,840 | 21.7 | 27% |
In its most recent public year (2023), this organization brought in $84,417,840 more than it spent. Its reserves stood at about 21.7 months of spending, up from 18.6 in 2020. Staff pay was 27% of spending. $61,116,914 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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