William Carey University
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 93,416,449 | 83,785,625 | 9,630,824 | 28.9 | 40% |
| 2022 | 98,180,914 | 94,227,743 | 3,953,171 | 25.5 | 37% |
| 2023 | 93,683,710 | 93,092,057 | 591,653 | 26.1 | 2% |
In its most recent public year (2023), this organization brought in $591,653 more than it spent. Its reserves stood at about 26.1 months of spending, down from 28.9 in 2021. Staff pay was 2% of spending. $30,942,820 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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