Harvard Business School Club of New York Inc

Analysis

Harvard Business School Club of New York Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1964, 62 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 2024, Harvard Business School Club of New York Inc reported income of $1.3m and spending of $1.1m, spending 88% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $2.2m to $1.3m (-41%), an average of -9.9% a year. The sharpest change came in the year to June 2022, when income rose by 689%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Harvard Business School Club of New York Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Padre Pio Academy ($1.3m), Nancy Lieberman Charities ($1.3m) and Mattan Basseter Inc ($1.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 84% and program service revenue 5.0% of the total. Compensation of current officers, directors and key employees was $187k (16% of expenses). Other salaries and wages came to $311k. At year end it held assets of $2.7m against liabilities of $135k, net assets of $2.6m. It reported 10 employees.