Philander Smith College
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 26,618,938 | 27,716,743 | −1,097,805 | 11.6 | 34% |
| 2021 | 53,386,787 | 24,769,445 | 28,617,342 | 27.6 | 33% |
| 2022 | 31,438,360 | 27,197,099 | 4,241,261 | 25.6 | 29% |
| 2023 | 25,344,806 | 29,745,895 | −4,401,089 | 22.3 | 4% |
In its most recent public year (2023), this organization spent $4,401,089 more than it brought in. Its reserves stood at about 22.3 months of spending, up from 11.6 in 2020. Staff pay was 4% of spending. $17,547,320 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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