South Plains College Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 7,291,620 | 4,848,164 | 2,443,456 | 63.4 | 0% |
| 2021 | 16,691,151 | 10,975,698 | 5,715,453 | 34.3 | 0% |
| 2022 | 721,251 | 3,816,882 | −3,095,631 | 88.8 | 0% |
| 2023 | 5,173,680 | 2,865,146 | 2,308,534 | 128.0 | 0% |
| 2024 | 7,356,479 | 2,494,155 | 4,862,324 | 170.4 | 0% |
In its most recent public year (2024), this organization brought in $4,862,324 more than it spent. Its reserves stood at about 170.4 months of spending, up from 63.4 in 2020. Staff pay was 0% of spending. $35,102,546 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 2024. 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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