Higher Education Compliance and Management Inc

Analysis

Higher Education Compliance and Management Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in February 2016, 10 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 December 2023, Higher Education Compliance and Management Inc reported income of $4.2m and spending of $5.5m, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $4.2m (+62%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 128%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Higher Education Compliance and Management Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NJ. Charities of a similar size with the same main cause include New Horizon School Pasadena ($4.2m), Ukraine Partnership Foundation ($4.2m) and Bakersfield College Foundation ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $444k (8.0% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $8.4m against liabilities of $80k, net assets of $8.3m. It reported 47 employees.