This report presents analyses of financial data collected from higher education institutions, accredited at the college level by an agency recognized by the Secretary of Education, in the 50 states and the District of Columbia. Among the findings are the following: (1) the rate of increase for total revenues of all institutions of higher education outpaced inflation from fiscal year 1981 through fiscal year 1989, increasing by 9.5 percent; (2) although revenues from federal sources increased, they declined as a percentage of total revenues between 1981 and 1989, a decline that affected private, and to a lesser extent, public institutions; (3) state government funding for public institutions has declined as a percentage of total revenues from 45.6 percent in fiscal year 1981 to 42.5 percent in fiscal year 1989; (4) tuition and fees are a higher percentage of total revenues for private than for public institutions, although the proportion of revenue from tuition and fees has increased more in the past two years for public than for private institutions; and (5) sales and services have increased as a percentage of revenue for public institutions from 19.6 percent in 1981 to 21.5 percent in 1989. An overview of the survey methodology is included, and an appendix presents data category definitions. (GLR)