Harvard Lampoon Trust Under Declaration of Trust

Analysis

Harvard Lampoon Trust Under Declaration of Trust is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in April 1978, 48 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Harvard Lampoon Trust Under Declaration of Trust reported income of $1.4m and spending of $1.2m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $743k to $1.4m (+85%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 185%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Harvard Lampoon Trust Under Declaration of Trust sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within MA. Charities of a similar size with the same main cause include Edison Charitable Foundation ($1.4m), United Way of the Blue Mountains ($1.4m) and Donald and Martha Kaplan Freedman Foundation ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% of the total. At year end it held assets of $9.2m against liabilities of $2.2m, net assets of $7.0m.