Higher Learning Commission

Analysis

Higher Learning Commission is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Higher Learning Commission reported income of $16.7m and spending of $16.9m, spending 102% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $17.8m to $16.7m (-6.2%), an average of -1.6% a year. The sharpest change came in the year to August 2020, when income dropped by 29%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Higher Learning Commission sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IL. Charities of a similar size with the same main cause include Trinity Episcopal School Inc ($16.7m), Best Academy Inc ($16.7m) and Trinity Christian School of Fairfax ($16.7m).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 92% of the total. Compensation of current officers, directors and key employees was $845k (5.0% of expenses). Other salaries and wages came to $6.0m. At year end it held assets of $31.8m against liabilities of $10.0m, net assets of $21.8m. It reported 61 employees.