Letourneau University
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 72,424,909 | 60,911,227 | 11,513,682 | 20.2 | 35% |
| 2012 | 69,254,917 | 61,335,438 | 7,919,479 | 21.4 | 36% |
| 2013 | 66,001,745 | 63,875,920 | 2,125,825 | 21.1 | 35% |
| 2014 | 64,249,565 | 63,233,729 | 1,015,836 | 21.8 | 34% |
| 2015 | 67,233,693 | 67,974,552 | −740,859 | 20.1 | 33% |
| 2016 | 68,060,097 | 67,823,466 | 236,631 | 20.2 | 34% |
| 2017 | 64,072,432 | 65,988,543 | −1,916,111 | 20.5 | 33% |
| 2018 | 66,811,629 | 68,192,489 | −1,380,860 | 19.6 | 33% |
| 2019 | 65,666,009 | 70,237,666 | −4,571,657 | 18.1 | 33% |
| 2020 | 66,156,893 | 69,469,169 | −3,312,276 | 17.9 | 33% |
| 2021 | 72,692,302 | 68,569,955 | 4,122,347 | 19.7 | 32% |
| 2022 | 77,785,624 | 73,467,383 | 4,318,241 | 18.2 | 30% |
| 2023 | 79,233,946 | 73,721,920 | 5,512,026 | 19.5 | 32% |
In its most recent public year (2023), this organization brought in $5,512,026 more than it spent. Its reserves stood at about 19.5 months of spending. Staff pay was 32% of spending. $32,414,812 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
Letourneau University's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works