Welch College
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 5,925,972 | 5,831,180 | 94,792 | 14.7 | 4% |
| 2012 | 6,881,842 | 6,188,337 | 693,505 | 13.8 | 37% |
| 2013 | 6,677,333 | 5,916,718 | 760,615 | 14.4 | 35% |
| 2014 | 6,435,205 | 6,579,626 | −144,421 | 13.0 | 32% |
| 2015 | 6,957,149 | 6,698,694 | 258,455 | 13.2 | 34% |
| 2016 | 19,442,138 | 7,050,263 | 12,391,875 | 34.6 | 33% |
| 2017 | 7,899,343 | 7,684,022 | 215,321 | 32.4 | 33% |
| 2018 | 10,586,174 | 9,329,921 | 1,256,253 | 28.4 | 33% |
| 2019 | 10,121,935 | 10,125,199 | −3,264 | 26.0 | 32% |
| 2020 | 9,056,133 | 9,861,960 | −805,827 | 25.9 | 33% |
| 2021 | 10,496,744 | 9,422,990 | 1,073,754 | 28.7 | 31% |
| 2022 | 11,542,139 | 10,173,970 | 1,368,169 | 28.2 | 28% |
| 2023 | 7,976,509 | 10,398,858 | −2,422,349 | 24.3 | 26% |
In its most recent public year (2023), this organization spent $2,422,349 more than it brought in. Its reserves stood at about 24.3 months of spending, up from 14.7 in 2011. Staff pay was 26% of spending. $5,368,053 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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