Howard Payne University
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 27,788,930 | 27,769,916 | 19,014 | 32.2 | 33% |
| 2012 | 30,570,912 | 29,245,439 | 1,325,473 | 30.7 | 32% |
| 2013 | 34,683,218 | 30,647,151 | 4,036,067 | 32.0 | 30% |
| 2014 | 35,947,105 | 33,576,649 | 2,370,456 | 33.7 | 31% |
| 2015 | 37,821,646 | 35,675,696 | 2,145,950 | 31.2 | 30% |
| 2016 | 35,528,990 | 35,641,179 | −112,189 | 28.7 | 29% |
| 2017 | 36,650,087 | 35,948,046 | 702,041 | 29.6 | 28% |
| 2018 | 35,023,203 | 34,953,141 | 70,062 | 32.1 | 29% |
| 2019 | 34,718,179 | 35,310,178 | −591,999 | 29.8 | 29% |
| 2020 | 34,644,599 | 33,210,783 | 1,433,816 | 34.1 | 27% |
| 2021 | 36,958,874 | 33,580,870 | 3,378,004 | 37.3 | 26% |
| 2022 | 40,380,501 | 34,858,443 | 5,522,058 | 36.9 | 25% |
| 2023 | 37,905,553 | 35,175,459 | 2,730,094 | 43.2 | 26% |
In its most recent public year (2023), this organization brought in $2,730,094 more than it spent. Its reserves stood at about 43.2 months of spending, up from 32.2 in 2011. Staff pay was 26% of spending. $92,814,399 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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