The Chronical of Higher Education Almanac issue dated August 29
reveals some interesting figures about profitability.

PUBLIC 4-YEAR INSTITUTIONS FISCAL YEAR 2000
REVENUES:             $129B
EXPENDITURES       125B
SURPLUS                                      $4B or 3% of revenue

YEAR 1996-97 from last year's Almanac
REVENUES:             $130B
EXPENDITURES       126B
SURPLUS                                      $4B or 3% of revenue

PRIVATE 4-YEAR INSTITUTIONS FISCAL YEAR 2000
REVENUES:             $120B
EXPENDITURES        80B
SURPLUS                                      $40B or 33% of revenue

YEAR 1995-96 from last year's Almanac
REVENUES:             $75B
EXPENDITURES       70B
SURPLUS                                      $10B  or 13% of revenue

They don't pay taxes. What have they done with all that money?

Albert Henderson
Pres., Chess Combination Inc.
POB 2423 Bridgeport CT 06608-0423

Former Editor, PUBLISHING RESEARCH QUARTERLY 1994-2000
<70244.1532@compuserve.com>

PS The Chronicle doesn't give separate figures for total library spending.