Haigazian University Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 7,356,015 | 6,636,800 | 719,215 | 10.9 | 51% |
| 2021 | 7,367,790 | 7,084,362 | 283,428 | 10.7 | 52% |
| 2022 | 7,484,720 | 8,661,845 | −1,177,125 | 7.1 | 50% |
| 2023 | 11,003,158 | 13,547,420 | −2,544,262 | 2.2 | 65% |
In its most recent public year (2023), this organization spent $2,544,262 more than it brought in. Its reserves stood at about 2.2 months of spending, down from 10.9 in 2020. Staff pay was 65% of spending. $1,931,495 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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