Harvard Glee Club Alumni Inc

Analysis

Harvard Glee Club Alumni Inc is a registered charity in United States, based in Hanover, MA. It received its IRS tax-exemption ruling in April 1956, 70 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 Glee Club Alumni Inc reported income of $351k and spending of $232k, leaving 34% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $275k to $351k (+27%), an average of +6.2% a year. The sharpest change came in the year to June 2023, when income rose by 83%. Over the whole period it spent 61% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Harvard Glee Club Alumni Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within MA. Charities of a similar size with the same main cause include Bay Area Prabasi Inc ($351k), Morgan-Scott Project for Co-Operative Christian Concerns ($351k) and Association of the Free Library & Reading RM Rowayton Inc ($351k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% and program service revenue 11% of the total. At year end it held assets of $3.6m against liabilities of $18k, net assets of $3.6m.