Harvard Magazine Incorporated
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 3,869,679 | 4,096,480 | −226,801 | 8.0 | 37% |
| 2020 | 3,947,638 | 4,109,926 | −162,288 | 7.5 | 39% |
| 2021 | 3,610,627 | 4,223,781 | −613,154 | 5.9 | 39% |
| 2022 | 4,204,037 | 4,141,159 | 62,878 | 5.7 | 39% |
| 2023 | 4,169,363 | 4,368,507 | −199,144 | 5.0 | 38% |
In its most recent public year (2023), this organization spent $199,144 more than it brought in. Its reserves stood at about 5 months of spending, down from 8 in 2019. Staff pay was 38% of spending. $13,150 of its net assets are donor-restricted.
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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