Harvard Model Congress Asia

Analysis

Harvard Model Congress Asia is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in July 2021, 5 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 January 2024, Harvard Model Congress Asia reported income of $132k and spending of $117k, spending 88% of its income. Across the 2 years on record, from January 2023 to January 2024, income grew from $112k to $132k (+18%), an average of +18% a year. The sharpest change came in the year to January 2024, when income rose by 18%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Harvard Model Congress Asia sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 50th percentile within MA. Charities of a similar size with the same main cause include Gull Island Institute Inc ($132k), Wayne Music Club Inc ($132k) and Live Oak County Area Go-Texan Inc ($132k).

On its Form 990-EZ for the period ending January 2024, revenue came from contributions and grants 1.0% and program service revenue 98% of the total. At year end it held assets of $181k against liabilities of $0, net assets of $181k.