Millsaps College
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 50,786,555 | 52,267,840 | −1,481,285 | 30.9 | 30% |
| 2021 | 60,487,890 | 48,944,113 | 11,543,777 | 41.3 | 30% |
| 2022 | 59,398,163 | 54,131,648 | 5,266,515 | 34.9 | 27% |
| 2023 | 62,268,494 | 52,097,442 | 10,171,052 | 38.8 | 28% |
In its most recent public year (2023), this organization brought in $10,171,052 more than it spent. Its reserves stood at about 38.8 months of spending, up from 30.9 in 2020. Staff pay was 28% of spending. $109,813,544 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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