Harvard-Radcliffe Collegium Musicum Foundation Inc

Analysis

Harvard-Radcliffe Collegium Musicum Foundation Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in September 1978, 48 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 August 2023, Harvard-Radcliffe Collegium Musicum Foundation Inc reported income of $140k and spending of $138k, spending 98% of its income. Across the 4 years on record, from August 2020 to August 2023, income fell from $212k to $140k (-34%), an average of -13% a year. The sharpest change came in the year to August 2021, when income rose by 324%. Over the whole period it spent 20% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Harvard-Radcliffe Collegium Musicum Foundation Inc sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 51st percentile within MA. Charities of a similar size with the same main cause include Collective Arts Inc ($140k), Spencer Cable Access Corporation ($140k) and Kerala Cultural Society of Metropolitan Washington ($140k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 59% and program service revenue 0.1% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.