CSCharityScored
87

Massachusetts Higher Education Assistance Corporation

Other · Boston, Massachusetts

33 Arch St Ste 2100, Boston, MA 02110-1442

EIN: 042254705· Founded: Dec 1958· 68 years active· Filing Year: 2023

Annual Revenue

$113.1M

Total Expenses

$95.1M

Total Assets

$1.0B

Program Spending

90%

of expenses go to programs

Compensation & Payroll

Total Officer Compensation

$5.5M

5.8% of total expenses

All officers, directors, and key employees combined

Other Salaries & Wages

$7.8M

Total Payroll

$13.4M

14% of total expenses

Where the Money Goes

90%
Programs: 90%
Payroll: 14%
Other overhead: 10%
Program Revenue$85.1M (75%)
Total Expenses$95.1M (84%)
Payroll$13.4M (14%)
Overhead (non-program)10%

Trust Score Breakdown

Program Spending Ratio

90% of expenses go to programs

40%

Revenue & Stability

$113.1M annual revenue

15%

Executive Compensation

$5.5M total officer comp (5.8% of expenses)

20%

Filing Recency

Most recent filing: 2023

15%

Asset Strength

$1.0B in assets

10%

Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.