Harvard Crimson Inc

Analysis

Harvard Crimson Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in July 1937, 89 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 December 2023, Harvard Crimson Inc reported income of $3.9m and spending of $3.7m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $508k to $3.9m (+662%), an average of +66% a year. The sharpest change came in the year to December 2023, when income rose by 505%. Over the whole period it spent 119% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Harvard Crimson Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within MA. Charities of a similar size with the same main cause include Bayonne Jewish Community Center ($3.9m), Pact Helping Children with Special Needs Inc ($3.9m) and Western Environmental Law Center ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $594k against liabilities of $450k, net assets of $144k. It reported 1 employees.