Data represents mean averages for that fiscal year, unless otherwise noted. For more information about data sources and analysis techniques, please see the methodology section of this report.
*FY 2025 values represent preliminary results because less data is available for the most recent fiscal year.
Financial Outlook Data
Average Unrestricted Revenue vs Expenses — Inflation-adjusted, 2018–2025
| Revenue / Expense Type | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025* |
| Unrestricted Revenue | $1,691,000 | $1,761,000 | $1,672,000 | $1,893,000 | $1,692,000 | $1,619,000 | $1,565,000 | $1,523,000 |
| Expenses | $1,577,000 | $1,603,000 | $1,488,000 | $1,267,000 | $1,359,000 | $1,387,000 | $1,352,000 | $1,352,000 |
Total Revenue by Budget Size— Inflation-adjusted, 2018–2025
| Budget Size | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025* |
| Under $250K | $113,000 | $110,000 | $111,000 | $110,000 | $97,000 | $94,000 | $91,000 | $87,000 |
| $250K–$1M | $588,000 | $604,000 | $565,000 | $628,000 | $514,000 | $477,000 | $469,000 | $478,000 |
| Over $1M | $5,950,000 | $5,621,000 | $5,354,000 | $7,838,000 | $4,355,000 | $4,842,000 | $4,953,000 | $5,717,000 |
Percent of Organizations Operating with Deficits, by Budget Size, 2018–2025
| Budget Size | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025* |
| Under $250K | 28% | 30% | 25% | 26% | 32% | 33% | 34% | 28% |
| $250K–$1M | 37% | 37% | 35% | 23% | 39% | 46% | 44% | 37% |
| Over $1M | 40% | 43% | 46% | 21% | 41% | 49% | 48% | 39% |
| Overall | 34% | 35% | 33% | 24% | 37% | 41% | 41% | 34% |
Average Months of Total Working Capital, by Budget Size, 2018–2025
| Budget Size | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025* |
| Under $250K | 9.5 | 8.2 | 14.9 | 18.4 | 16.8 | 11.0 | 9.0 | 8.8 |
| $250K–$1M | 6.4 | 7.4 | 8.9 | 12.4 | 11.0 | 10.3 | 9.4 | 8.7 |
| Over $1M | 9.8 | 8.2 | 11.0 | 18.5 | 14.6 | 12.2 | 15.0 | 12.0 |
| Overall | 8.6 | 7.9 | 11.8 | 16.4 | 14.1 | 11.1 | 11.1 | 9.9 |