Norwich University Applied Research Institutes Ltd
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 3,650,823 | 3,138,723 | 512,100 | 3.2 | 47% |
| 2021 | 7,579,853 | 6,507,243 | 1,072,610 | 3.5 | 42% |
| 2022 | 8,048,924 | 7,255,853 | 793,071 | 4.4 | 53% |
| 2023 | 6,989,791 | 6,524,577 | 465,214 | 5.8 | 56% |
| 2024 | 9,578,163 | 8,816,514 | 761,649 | 5.3 | 42% |
In its most recent public year (2024), this organization brought in $761,649 more than it spent. Its reserves stood at about 5.3 months of spending, up from 3.2 in 2020. Staff pay was 42% of spending.
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 2024. 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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