Harvard Business School Club of Cleveland Fund

Analysis

Harvard Business School Club of Cleveland Fund is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in January 1954, 72 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Harvard Business School Club of Cleveland Fund reported income of $250k and spending of $347k, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $486k to $250k (-48%), an average of -15% a year. The sharpest change came in the year to December 2021, when income rose by 127%. Over the whole period it spent 49% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Harvard Business School Club of Cleveland Fund sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within PA. Charities of a similar size with the same main cause include Chardon Rotary Foundation ($250k), Actors Equity Foundation Inc ($250k) and Center in the Square Endowment Foundation ($250k).

Compensation of current officers, directors and key employees was $26k (7.6% of expenses). At year end it held assets of $4.3m against liabilities of $0, net assets of $4.3m.