Harvard Business School Publishing Corporation

Analysis

Harvard Business School Publishing Corporation is a registered charity in United States, based in Brighton, MA. It received its IRS tax-exemption ruling in December 1993, 33 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 June 2023, Harvard Business School Publishing Corporation reported income of $319.0m and spending of $323.0m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $265.8m to $319.0m (+20%), an average of +4.7% a year. Over the whole period it spent 99% 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 Business School Publishing Corporation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within MA. Charities of a similar size with the same main cause include Institute for Defense Analyses ($312.7m), National Academy of Sciences ($324.6m) and University Corporation for Atmospheric Research ($304.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 93% of the total. Compensation of current officers, directors and key employees was $3.6m (1.1% of expenses). Other salaries and wages came to $77.2m. At year end it held assets of $190.6m against liabilities of $142.6m, net assets of $48.0m. It reported 566 employees.