Harvard Glee Club Inc

Analysis

Harvard Glee Club Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in April 1978, 48 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 Inc reported income of $179k and spending of $162k, spending 90% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $118k to $179k (+52%), an average of +52% a year. The sharpest change came in the year to June 2023, when income rose by 52%. Over the whole period it spent 120% 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 Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within MA. Charities of a similar size with the same main cause include Mary Walker Historical and Educational Foundation Inc ($179k), I B E W Local 25 Scholarship Fund ($179k) and Little League Baseball Inc ($179k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.9% of the total. At year end it held assets of $3,047 against liabilities of $4,883, net assets of -$1,836.