Student Clubs of HBS Inc

Analysis

Student Clubs of HBS Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in July 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Student Clubs of HBS Inc reported income of $3.6m and spending of $3.8m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.2m to $3.6m (+13%), an average of +3.1% a year. The sharpest change came in the year to June 2022, when income rose by 238%. 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, Student Clubs of HBS Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MA. Charities of a similar size with the same main cause include Davis Educational Foundation ($3.6m), Early Childhood Development Inc ($3.6m) and South Columbus Preparatory Academy ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.1% and program service revenue 93% of the total. At year end it held assets of $2.5m against liabilities of $0, net assets of $2.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.