Harvard Business School Student Association Inc

Analysis

Harvard Business School Student Association Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in August 1949, 77 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 May 2023, Harvard Business School Student Association Inc reported income of $1.3m and spending of $1.2m, spending 96% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $986k to $1.3m (+29%), an average of +6.5% a year. The sharpest change came in the year to May 2022, when income rose by 435%. 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 Student Association Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MA. Charities of a similar size with the same main cause include San Jose Taiko Group Inc ($1.3m), Arizona Health Information Network Incorporated ($1.3m) and The Desert Biennial ($1.3m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 49% and program service revenue 47% of the total. Other salaries and wages came to $65k. At year end it held assets of $1.0m against liabilities of $97k, net assets of $913k. It reported 5 employees.