nonprofit · EIN 54-0506457 · VA
How much does FERRUM COLLEGE raise and spend?
FERRUM COLLEGE (VA, EIN 54-0506457) reported $43.5M in revenue and $48.4M in expenses for tax year 2023, with $98.2M in net assets (24.3 months of reserves). By expenses that ranks 8,045 of 539,974 e-filers, 1,198 of 57,594 in NTEE B: Education, 236 of 14,403 nonprofits in virginia.
What stands out
FERRUM COLLEGE (VA, EIN 54-0506457) reported $43.5M in revenue and $48.4M in expenses for tax year 2023, with $98.2M in net assets (24.3 months of reserves). By expenses that ranks 8,045 of 539,974 e-filers, 1,198 of 57,594 in NTEE B: Education, 236 of 14,403 nonprofits in virginia. Against NTEE B: Education: months of reserves 24.3 months, above the peer median of 11.8 months; officer compensation share of expenses 2.1%, below the peer median of 4.8%; contributions share of revenue 11.0%, below the peer median of 50.3%; surplus margin -11.4%, below the peer median of 5.2%.
Key figures, tax year 2023
As filed on Form 990; ratios computed by FACTANKER. Peer medians are percentile_cont over the group in the same year. Every filed line links to its record on the entity page.
| Measure | 2023 | Median, activity | Median, size | Median, all |
|---|---|---|---|---|
| Total revenue | $43.5M | $199.9k | $21.6M | $194.7k |
| Total expenses | $48.4M | $183.0k | $20.9M | $178.5k |
| Total assets | $126.4M | $845.8k | $29.9M | $775.3k |
| Net assets | $98.2M | $683.8k | $17.0M | $622.5k |
| Officer compensation (total per organisation) | $1.0M | $141.5k | $609.0k | $113.0k |
| Program service revenue share | 84.9% | 13.2% | 74.7% | 13.8% |
| Contributions share of revenue | 11.0% | 50.3% | 13.8% | 57.5% |
| Officer compensation share of expenses | 2.1% | 4.8% | 2.5% | 6.5% |
| Months of reserves | 24.3 months | 11.8 months | 9.0 months | 12.6 months |
| Surplus margin | -11.4% | 5.2% | 1.8% | 3.9% |
Year by year
6 filings on record.
| Tax year | Revenue | Expenses | Net assets | Reserves | Officer comp. | Rank |
|---|---|---|---|---|---|---|
| 2023 | $43.5M | $48.4M | $98.2M | 24.3 months | $1.0M | 8,045 |
| 2022 | $48.9M | $51.6M | $98.3M | 22.9 months | $571.4k | 7,006 |
| 2021 | $55.1M | $50.7M | $107.0M | 25.3 months | $989.2k | 4,545 |
| 2020 | $50.9M | $53.1M | $91.1M | 20.6 months | $1.3M | 6,200 |
| 2019 | $52.1M | $53.8M | $92.4M | 20.6 months | $844.1k | 5,875 |
| 2018 | $51.3M | $53.6M | $92.5M | 20.7 months | $1.3M | 5,419 |
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