Western Interstate Commission for Higher Education

Analysis

Western Interstate Commission for Higher Education is a registered charity in United States, based in Boulder, CO. It received its IRS tax-exemption ruling in April 1983, 43 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 June 2023, Western Interstate Commission for Higher Education reported income of $20.2m and spending of $18.8m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $34.6m to $20.2m (-42%), an average of -13% a year. The sharpest change came in the year to June 2021, when income dropped by 46%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Western Interstate Commission for Higher Education sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within CO. Charities of a similar size with the same main cause include Casa Inc ($20.2m), Nexus-Woodbourne Family Healing ($20.3m) and Disabled American Veterans Charitable Service Trust ($20.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $1.4m (7.4% of expenses). Other salaries and wages came to $6.3m. At year end it held assets of $22.9m against liabilities of $7.6m, net assets of $15.4m. It reported 118 employees.