Harvard Club of Chicago

Analysis

Harvard Club of Chicago is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in June 1956, 70 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 Club of Chicago reported income of $371k and spending of $416k, spending 112% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $97k to $371k (+283%), an average of +283% a year. The sharpest change came in the year to June 2023, when income rose by 283%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Harvard Club of Chicago sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include Westminster Homes Inc ($371k), Civicpulse ($371k) and Minds Matter ($370k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 8.9% of the total. At year end it held assets of $233k against liabilities of $42k, net assets of $191k.