990 Scout/ Averett University/ Financials

Financial Information for Averett University

Averett University's annual revenue was $59.6M in tax year 2024, reported on their IRS Form 990. They spent $58.2M in total expenses. 83% went to programs and services.

Financial Breakdown

What is Averett University's total annual expenses?

Averett University spent $58.2M in tax year 2024, according to their IRS Form 990 filing.

How much of Averett University's budget goes to programs?

Averett University spent $48.3M (83% of expenses) on programs and services in tax year 2024.

How much does Averett University spend on overhead?

Averett University's overhead in tax year 2024 includes administrative (16%) and fundraising (1%) of their expenses.

What is Averett University's net worth?

Averett University had net assets of $36.9M as of the end of tax year 2024.

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All figures are reported on the organization's IRS Form 990 filing and are public record. Revenue and expense data come from Form 990 Part I, and asset data comes from the balance sheet section. These are filed amounts as reported by the organization.