Harvard-Yenching Institute

Analysis

Harvard-Yenching Institute is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in May 1934, 92 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Harvard-Yenching Institute reported income of $7.2m and spending of $7.8m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.7m to $7.2m (+26%), an average of +6.0% a year. The sharpest change came in the year to June 2023, when income rose by 28%. Over the whole period it spent 127% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Harvard-Yenching Institute sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MA. Charities of a similar size with the same main cause include Environmental Investigation Agency ($7.2m), Compassion Heritage Foundation Inc ($7.2m) and Endowment of the United States Institute of Peace Incorporated ($7.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.4% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $402k (5.2% of expenses). Other salaries and wages came to $326k. At year end it held assets of $344.2m against liabilities of $3.0m, net assets of $341.2m. It reported 9 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.