Harvard Radio Broadcasting Co Inc

Analysis

Harvard Radio Broadcasting Co Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in March 1953, 73 years ago. 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 Radio Broadcasting Co Inc reported income of $80k and spending of $140k, spending 174% of what it took in. Across the 3 years on record, from August 2020 to August 2023, income fell from $460k to $80k (-83%), an average of -58% a year. The sharpest change came in the year to August 2023, when income dropped by 61%. Over the whole period it spent 55% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Harvard Radio Broadcasting Co Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 39th percentile within MA. Charities of a similar size with the same main cause include Hungarian American Association of Washington ($80k), South Jersey Sudbury Foundation a NJ Nonprofit Corporation ($80k) and Louisiana 4-H Foundation ($80k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 45% and program service revenue 52% of the total. At year end it held assets of $396k against liabilities of $23k, net assets of $373k.