Friends of the Harvard Crimson Inc

Analysis

Friends of the Harvard Crimson Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in November 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type iii other) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of the Harvard Crimson Inc reported income of $2.8m and spending of $444k, leaving 84% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $3.3m to $2.8m (-14%), an average of -14% a year. Over the whole period it spent 9.9% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of the Harvard Crimson Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within MA. Charities of a similar size with the same main cause include Marin Promise Partnership ($2.8m), Pathways High Inc ($2.8m) and Explorer West an Independent Middle School ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $5.8m against liabilities of $0, net assets of $5.8m.