Salient of Harvard College

Analysis

Salient of Harvard College is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending January 2024, Salient of Harvard College reported income of $208k and spending of $88k, leaving 58% of income unspent that year. Across the 2 years on record, from January 2023 to January 2024, income grew from $91k to $208k (+129%), an average of +130% a year. The sharpest change came in the year to January 2024, when income rose by 129%. Over the whole period it spent 34% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Salient of Harvard College sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 58th percentile within MA. Charities of a similar size with the same main cause include Sprayberry Band Boosters Association ($208k), LA Casa Del Libro Inc ($208k) and El Paso Scottish Rite Historical Library and Museum Foundation ($208k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $184k against liabilities of $0, net assets of $184k.