Milligan University
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 36,962,354 | 30,195,168 | 6,767,186 | 19.9 | 3% |
| 2013 | 34,185,071 | 30,906,520 | 3,278,551 | 21.7 | 32% |
| 2014 | 41,596,456 | 33,500,486 | 8,095,970 | 23.6 | 30% |
| 2015 | 37,319,374 | 34,301,898 | 3,017,476 | 24.2 | 30% |
| 2016 | 40,615,869 | 37,405,447 | 3,210,422 | 26.5 | 31% |
| 2017 | 38,587,215 | 38,903,791 | −316,576 | 26.5 | 31% |
| 2018 | 41,385,668 | 40,433,431 | 952,237 | 26.3 | 30% |
| 2019 | 44,864,337 | 41,423,743 | 3,440,594 | 26.0 | 31% |
| 2020 | 46,547,624 | 43,980,208 | 2,567,416 | 25.1 | 30% |
| 2021 | 47,397,752 | 45,360,313 | 2,037,439 | 28.2 | 30% |
| 2022 | 57,184,968 | 46,446,003 | 10,738,965 | 28.0 | 29% |
| 2023 | 48,728,165 | 47,523,885 | 1,204,280 | 26.9 | 31% |
In its most recent public year (2023), this organization brought in $1,204,280 more than it spent. Its reserves stood at about 26.9 months of spending, up from 19.9 in 2012. Staff pay was 31% of spending. $61,999,268 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
Milligan University's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works