Carson-Newman University
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 70,690,078 | 69,198,390 | 1,491,688 | 16.9 | 26% |
| 2021 | 65,286,029 | 44,372,780 | 20,913,249 | 32.1 | 39% |
| 2022 | 42,287,447 | 49,099,457 | −6,812,010 | 27.3 | 38% |
| 2023 | 57,605,049 | 50,561,124 | 7,043,925 | 28.2 | 42% |
In its most recent public year (2023), this organization brought in $7,043,925 more than it spent. Its reserves stood at about 28.2 months of spending, up from 16.9 in 2020. Staff pay was 42% of spending. $87,643,953 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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