Trustees for Harvard University

Analysis

Trustees for Harvard University is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in September 1958, 68 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Trustees for Harvard University reported income of $65.4m and spending of $45.1m, leaving 31% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $57.5m to $65.4m (+14%), an average of +3.3% a year. The sharpest change came in the year to June 2022, when income rose by 15%. Over the whole period it spent 69% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Trustees for Harvard University sits at the 99th percentile: it is larger than about 99% of them. 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 University Physicians of Brooklyn Inc ($65.3m), Christian Brothers University ($65.4m) and Day 1 Academies ($65.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.5% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $315k (0.7% of expenses). Other salaries and wages came to $9.0m. At year end it held assets of $1.44bn against liabilities of $2.6m, net assets of $1.43bn. It reported 152 employees.