Giovanni Armenise-Harvard Foundation for Scientific Research

Analysis

Giovanni Armenise-Harvard Foundation for Scientific Research is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in February 1996, 30 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Giovanni Armenise-Harvard Foundation for Scientific Research reported income of $3.6m and spending of $3.8m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.2m to $3.6m (+11%), an average of +2.7% a year. Over the whole period it spent 84% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Giovanni Armenise-Harvard Foundation for Scientific Research sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MA. Charities of a similar size with the same main cause include Colonial House Inc ($3.6m), Ocean Science International Inc ($3.6m) and Clarkson Community Care Center Inc ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% of the total. At year end it held assets of $81.7m against liabilities of $2.7m, net assets of $78.9m.