Higher Education Compliance And Management Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 1,470,536 | 1,300,176 | 170,360 | 2.0 | 76% |
| 2015 | 2,270,935 | 1,470,788 | 800,147 | 8.3 | 77% |
| 2016 | 2,370,028 | 1,449,841 | 920,187 | 16.1 | 79% |
| 2017 | 2,464,763 | 1,734,779 | 729,984 | 18.5 | 73% |
| 2018 | 2,127,154 | 2,055,603 | 71,551 | 16.0 | 65% |
| 2019 | 2,585,773 | 2,373,665 | 212,108 | 14.9 | 67% |
| 2020 | 5,907,599 | 3,239,197 | 2,668,402 | 20.8 | 73% |
| 2021 | 6,696,408 | 3,863,625 | 2,832,783 | 26.3 | 61% |
| 2022 | 5,378,948 | 4,215,075 | 1,163,873 | 27.4 | 53% |
| 2023 | 4,196,334 | 5,527,717 | −1,331,383 | 18.0 | 53% |
In its most recent public year (2023), this organization spent $1,331,383 more than it brought in. Its reserves stood at about 18 months of spending, up from 2 in 2014. Staff pay was 53% 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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