Harvard Club of New York Foundation

Analysis

Harvard Club of New York Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1954, 72 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Harvard Club of New York Foundation reported income of $390k and spending of $402k, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $432k to $390k (-9.6%), an average of -2.5% a year. The sharpest change came in the year to June 2020, when income dropped by 32%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Harvard Club of New York Foundation sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Technology Laboratory and Professional Development Center ($390k), International Circle of Friends Inc ($391k) and LDL Educational Resources Foundation ($390k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% of the total. At year end it held assets of $8.0m against liabilities of $66k, net assets of $8.0m.