Harvard Debate Incorporated

Analysis

Harvard Debate Incorporated is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in May 1977, 49 years ago. Its declared purposes cover education, which this site groups under education and training. 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 May 2023, Harvard Debate Incorporated reported income of $1.8m and spending of $1.9m, spending 104% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $1.8m to $1.8m (+0.1%), an average of +0.0% a year. The sharpest change came in the year to May 2023, when income rose by 42%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Harvard Debate Incorporated sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MA. Charities of a similar size with the same main cause include Community After School Inc ($1.8m), Harmony Montessori School ($1.8m) and Bright Futures Early Learning Center Inc ($1.8m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 3.7% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $54k (2.9% of expenses). At year end it held assets of $1.1m against liabilities of $447k, net assets of $671k.