Harvard Law Review Association

Analysis

Harvard Law Review Association is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in January 1943, 83 years ago. 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 Law Review Association reported income of $4.5m and spending of $3.7m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.6m to $4.5m (+24%), an average of +5.6% a year. The sharpest change came in the year to June 2021, when income rose by 88%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Harvard Law Review Association sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MA. Charities of a similar size with the same main cause include The Bedford School Inc ($4.5m), The Balm in Gilead Inc ($4.5m) and Living Classrooms Foundation ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 85% of the total. Other salaries and wages came to $249k. At year end it held assets of $39.9m against liabilities of $4.1m, net assets of $35.9m.