Higher Education Servicing Corp in

Analysis

Higher Education Servicing Corp in is a registered charity in United States, based in Arlington, TX. It received its IRS tax-exemption ruling in May 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Higher Education Servicing Corp in reported income of $11.8m and spending of $9.1m, leaving 23% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $9.7m to $11.8m (+21%), an average of +4.9% a year. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Higher Education Servicing Corp in sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include NJ Edge Net Inc ($11.8m), The Kings University ($11.8m) and Tenacre Country Day School Corporation ($11.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 1.3% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $730k (8.0% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $47.0m against liabilities of $945k, net assets of $46.1m. It reported 62 employees.