Freed-Hardeman University
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 47,206,765 | 41,217,206 | 5,989,559 | 16.4 | 2% |
| 2012 | 48,628,986 | 40,715,742 | 7,913,244 | 17.4 | 3% |
| 2013 | 46,943,468 | 41,743,945 | 5,199,523 | 19.1 | 35% |
| 2014 | 75,248,421 | 48,794,207 | 26,454,214 | 22.8 | 33% |
| 2015 | 52,423,997 | 47,836,966 | 4,587,031 | 24.7 | 32% |
| 2016 | 51,776,024 | 50,732,216 | 1,043,808 | 22.7 | 32% |
| 2017 | 52,028,826 | 49,392,048 | 2,636,778 | 24.5 | 31% |
| 2018 | 58,295,305 | 51,572,490 | 6,722,815 | 25.4 | 30% |
| 2019 | 55,757,789 | 51,908,443 | 3,849,346 | 25.9 | 31% |
| 2020 | 55,774,338 | 52,981,610 | 2,792,728 | 25.5 | 32% |
| 2021 | 58,919,175 | 52,397,666 | 6,521,509 | 30.8 | 31% |
| 2022 | 74,019,321 | 57,322,571 | 16,696,750 | 30.3 | 27% |
| 2023 | 69,265,588 | 59,667,208 | 9,598,380 | 30.9 | 24% |
In its most recent public year (2023), this organization brought in $9,598,380 more than it spent. Its reserves stood at about 30.9 months of spending, up from 16.4 in 2011. Staff pay was 24% of spending. $90,536,750 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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