State Higher Education Executive

Analysis

State Higher Education Executive is a registered charity in United States, based in Boulder, CO. It received its IRS tax-exemption ruling in December 1981, 45 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, State Higher Education Executive reported income of $5.4m and spending of $5.3m, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $4.7m to $5.4m (+15%), an average of +3.6% a year. The sharpest change came in the year to September 2022, when income rose by 47%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, State Higher Education Executive sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within CO. Charities of a similar size with the same main cause include YWCA Lancaster ($5.4m), Boy Scouts of America ($5.4m) and Abilityworks of Oklahoma Inc ($5.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 88% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $1.0m (19% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $9.6m against liabilities of $5.6m, net assets of $4.1m. It reported 23 employees.