Harvard Law Review Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 4,256,038 | 3,176,321 | 1,079,717 | 46.0 | 7% |
| 2012 | 3,230,593 | 2,483,467 | 747,126 | 62.0 | 7% |
| 2013 | 2,930,056 | 2,233,856 | 696,200 | 79.7 | 7% |
| 2014 | 3,073,392 | 2,365,921 | 707,471 | 87.9 | 8% |
| 2015 | 4,369,127 | 2,906,981 | 1,462,146 | 76.6 | 6% |
| 2016 | 4,126,302 | 3,447,122 | 679,180 | 65.1 | 6% |
| 2017 | 3,056,831 | 2,610,396 | 446,435 | 95.1 | 8% |
| 2018 | 3,303,052 | 2,404,362 | 898,690 | 114.0 | 9% |
| 2019 | 3,589,293 | 2,586,858 | 1,002,435 | 111.8 | 9% |
| 2020 | 2,907,706 | 2,372,805 | 534,901 | 127.2 | 10% |
| 2021 | 5,473,265 | 4,041,560 | 1,431,705 | 104.0 | 6% |
| 2022 | 5,393,640 | 3,371,527 | 2,022,113 | 117.9 | 7% |
| 2023 | 4,462,781 | 3,705,358 | 757,423 | 116.1 | 7% |
In its most recent public year (2023), this organization brought in $757,423 more than it spent. Its reserves stood at about 116.1 months of spending, up from 46 in 2011. Staff pay was 7% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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