Collaborative for Higher Education Shared Services

Analysis

Collaborative for Higher Education Shared Services is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Collaborative for Higher Education Shared Services reported income of $11.8m and spending of $11.8m, spending 100% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $5.0m to $11.8m (+138%), an average of +138% a year. The sharpest change came in the year to June 2023, when income rose by 138%. 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, Collaborative for Higher Education Shared Services 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 NM. Charities of a similar size with the same main cause include McCarton Foundation for Developmental Disabilities Inc ($11.8m), Geo Prep at Mid-City Inc ($11.9m) and Riverbend Head Start Delegate Inc ($11.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $306k (2.6% of expenses). At year end it held assets of $4.4m against liabilities of $4.4m, net assets of $0.