Selma University
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 3,596,611 | 3,758,690 | −162,079 | -0.2 | 39% |
| 2022 | 1,168,110 | 856,080 | 312,030 | 33.9 | 43% |
| 2023 | 1,089,571 | 1,109,441 | −19,870 | 24.7 | 39% |
In its most recent public year (2023), this organization spent $19,870 more than it brought in. Its reserves stood at about 24.7 months of spending, up from -0.2 in 2019. Staff pay was 39% of spending. $113,600 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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