Massachusetts Higher Education
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 869,217 | 747,122 | 122,095 | 5.8 | 59% |
| 2012 | 1,294,551 | 920,518 | 374,033 | 9.6 | 64% |
| 2013 | 1,672,324 | 1,072,460 | 599,864 | 14.9 | 60% |
| 2014 | 1,640,392 | 1,080,883 | 559,509 | 21.0 | 55% |
| 2015 | 1,869,268 | 1,297,145 | 572,123 | 22.8 | 59% |
| 2016 | 2,296,752 | 1,474,540 | 822,212 | 26.8 | 61% |
| 2017 | 2,301,514 | 1,569,541 | 731,973 | 30.8 | 60% |
| 2018 | 2,443,426 | 1,681,817 | 761,609 | 33.7 | 50% |
| 2019 | 2,682,493 | 2,067,274 | 615,219 | 31.6 | 51% |
| 2020 | 2,570,312 | 2,486,305 | 84,007 | 27.3 | 50% |
| 2021 | 2,685,417 | 2,273,375 | 412,042 | 31.7 | 56% |
| 2022 | 3,443,422 | 2,651,287 | 792,135 | 29.3 | 59% |
| 2023 | 4,125,037 | 3,095,312 | 1,029,725 | 29.1 | 53% |
| 2024 | 4,362,460 | 3,812,249 | 550,211 | 25.4 | 48% |
In its most recent public year (2024), this organization brought in $550,211 more than it spent. Its reserves stood at about 25.4 months of spending, up from 5.8 in 2011. Staff pay was 48% 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 2024. 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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