Higher Institute Of Arts And Technology Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 0 | 0 | 0 | — | — |
| 2016 | 637,111 | 830,152 | −193,041 | -2.8 | 34% |
| 2018 | 2,025,289 | 1,777,584 | 247,705 | -2.2 | 48% |
| 2019 | 1,643,657 | 1,674,074 | −30,417 | -2.9 | 43% |
| 2020 | 2,462,006 | 2,456,525 | 5,481 | -2.0 | 37% |
| 2021 | 2,523,189 | 2,317,646 | 205,543 | -1.0 | 43% |
| 2022 | 3,319,372 | 2,986,596 | 332,776 | 0.5 | 38% |
| 2023 | 3,397,387 | 3,560,072 | −162,685 | -0.1 | 40% |
In its most recent public year (2023), this organization spent $162,685 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-0.1 months). Staff pay was 40% 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
Higher Institute Of Arts And Technology Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works