Harvard Business School Club of Cleveland Inc

Analysis

Harvard Business School Club of Cleveland Inc is a registered charity in United States, based in Westlake, OH. It received its IRS tax-exemption ruling in May 1971, 55 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 June 2023, Harvard Business School Club of Cleveland Inc reported income of $103k and spending of $112k, spending 109% of what it took in. Across the 3 years on record, from June 2018 to June 2023, income fell from $259k to $103k (-60%), an average of -37% a year. The sharpest change came in the year to June 2022, when income dropped by 71%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Harvard Business School Club of Cleveland Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 38th percentile within OH. Charities of a similar size with the same main cause include Little League Baseball Inc ($103k), Discovering Soul International ($103k) and Little League Baseball Inc ($103k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 55% of the total. At year end it held assets of $30k against liabilities of $5,000, net assets of $25k.