Harvard Management Company Inc

Analysis

Harvard Management Company Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in April 1974, 52 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Management Company Inc reported income of $128.7m and spending of $128.7m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $138.5m to $128.7m (-7.1%), an average of -1.8% a year. The sharpest change came in the year to June 2021, when income rose by 36%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Harvard Management Company Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MA. Charities of a similar size with the same main cause include Ohba Ohio Virtual Academy ($128.7m), American College of Surgeons ($129.5m) and Champlain College Inc ($128.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $23.7m (18% of expenses). Other salaries and wages came to $59.7m. At year end it held assets of $108.2m against liabilities of $108.2m, net assets of $0. It reported 128 employees.