Nigeria Higher Education Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 398,962 | 272,337 | 126,625 | 11.5 | 36% |
| 2011 | 15,322 | 58,011 | −42,689 | 42.8 | 24% |
| 2012 | 79,928 | 179,241 | −99,313 | 7.2 | — |
| 2013 | 374 | 101,641 | −101,267 | 0.8 | — |
| 2014 | 21,301 | 26,441 | −5,140 | 0.6 | — |
| 2015 | 380,314 | 385,837 | −5,523 | -0.2 | 0% |
| 2016 | 67,228 | 60,190 | 7,038 | 0.3 | — |
| 2017 | 246,472 | 240,724 | 5,748 | 0.4 | 7% |
| 2018 | 111,375 | 118,619 | −7,244 | 0.0 | 48% |
| 2020 | 87,274 | 108,431 | −21,157 | 1.4 | 0% |
| 2021 | 0 | 0 | 0 | — | — |
| 2022 | 0 | 0 | 0 | — | — |
| 2023 | 279,577 | 249,016 | 30,561 | 1.4 | 0% |
In its most recent public year (2023), this organization brought in $30,561 more than it spent. Its reserves stood at about 1.4 months of spending, down from 11.5 in 2010. Staff pay was 0% of spending.
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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