Educational Credit Management Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 383,140,483 | 295,529,395 | 87,611,088 | 9.4 | 18% |
| 2012 | 426,602,413 | 575,602,745 | −149,000,332 | 1.7 | 7% |
| 2013 | 455,413,491 | 523,114,742 | −67,701,251 | 0.5 | 8% |
| 2014 | 391,897,959 | 411,988,700 | −20,090,741 | 0.1 | 12% |
| 2015 | 428,120,064 | 394,886,972 | 33,233,092 | 1.3 | 11% |
| 2016 | 403,557,200 | 403,193,648 | 363,552 | 1.1 | 11% |
| 2017 | 405,151,558 | 435,118,916 | −29,967,358 | 0.2 | 10% |
| 2018 | 370,174,232 | 351,286,093 | 18,888,139 | 0.9 | 12% |
| 2019 | 322,133,758 | 320,180,510 | 1,953,248 | 1.1 | 15% |
| 2020 | 274,395,445 | 293,177,543 | −18,782,098 | 0.4 | 14% |
| 2021 | 424,071,754 | 374,401,993 | 49,669,761 | 1.9 | 11% |
| 2022 | 361,979,726 | 338,613,468 | 23,366,258 | 2.9 | 12% |
| 2023 | 318,087,346 | 362,056,007 | −43,968,661 | 1.3 | 11% |
In its most recent public year (2023), this organization spent $43,968,661 more than it brought in. Its reserves stood at about 1.3 months of spending, down from 9.4 in 2011. Staff pay was 11% of spending. $3,472,000 of its net assets are donor-restricted.
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
Educational Credit Management Corporation'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