Richmont Graduate University
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 5,071,041 | 5,330,440 | −259,399 | 13.0 | 56% |
| 2013 | 5,002,048 | 5,525,731 | −523,683 | 11.5 | 61% |
| 2014 | 7,242,891 | 5,910,442 | 1,332,449 | 13.9 | 55% |
| 2015 | 6,970,668 | 5,761,245 | 1,209,423 | 16.8 | 59% |
| 2016 | 5,773,568 | 5,931,354 | −157,786 | 15.9 | 60% |
| 2017 | 6,206,640 | 6,218,055 | −11,415 | 15.2 | 60% |
| 2018 | 5,845,659 | 6,316,253 | −470,594 | 13.7 | 60% |
| 2019 | 6,203,544 | 6,452,830 | −249,286 | 13.0 | 63% |
| 2020 | 7,658,174 | 6,942,796 | 715,378 | 13.1 | 64% |
| 2021 | 7,234,181 | 7,797,931 | −563,750 | 11.8 | 63% |
| 2022 | 8,463,644 | 8,351,213 | 112,431 | 10.8 | 62% |
In its most recent public year (2022), this organization brought in $112,431 more than it spent. Its reserves stood at about 10.8 months of spending, down from 13 in 2012. Staff pay was 62% of spending. $2,466,471 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 2022. 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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