Higher Education Servicing Corp In
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 10,862,883 | 8,876,634 | 1,986,249 | 32.7 | 30% |
| 2012 | 10,627,477 | 8,375,982 | 2,251,495 | 37.9 | 31% |
| 2013 | 7,896,295 | 7,476,568 | 419,727 | 43.1 | 31% |
| 2014 | 6,864,904 | 8,366,354 | −1,501,450 | 36.4 | 31% |
| 2015 | 6,368,870 | 6,839,106 | −470,236 | 43.7 | 36% |
| 2016 | 5,893,164 | 7,059,860 | −1,166,696 | 40.4 | 33% |
| 2017 | 9,287,260 | 5,855,382 | 3,431,878 | 55.7 | 43% |
| 2018 | 10,119,969 | 6,530,170 | 3,589,799 | 56.3 | 43% |
| 2019 | 9,715,326 | 6,714,812 | 3,000,514 | 60.6 | 42% |
| 2020 | 9,346,626 | 6,621,694 | 2,724,932 | 66.6 | 45% |
| 2021 | 10,554,218 | 7,155,642 | 3,398,576 | 67.2 | 45% |
| 2022 | 11,853,938 | 7,670,792 | 4,183,146 | 68.7 | 45% |
| 2023 | 11,775,166 | 9,099,664 | 2,675,502 | 60.7 | 47% |
In its most recent public year (2023), this organization brought in $2,675,502 more than it spent. Its reserves stood at about 60.7 months of spending, up from 32.7 in 2011. Staff pay was 47% 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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