Education (B500) IRS Verified DX Registered 990 on File

PRESIDENT AND FELLOWS OF HARVARD COLLEGE

EIN: 04-2103580 · CAMBRIDGE, MA 02138-3846 · United States · FY 2023 Data

3 out of 5 54 / 100 Based on 2+ years of filings

Financial strength (30%) 69/100

Reliability (20%) 55/100

Effectiveness (25%) 88/100

Impact (25%) No data yet

Financial data: FY 2023 · Scored 9/13/2026

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Mission Statement

Since its founding in 1636, Harvard has been continuously renewed by gifts from friends and alumni/ae. The development office exists to perpetuate and build on this long tradition of support by generating resources and nurturing lifelong relationships between Harvard and its donors. Each staff member plays a critical role in advancing the University's position as a world leader in teaching, learning, and research. To accomplish this purpose, we value high energy, quality performance, and entrepreneurial leadership, with emphasis on good judgment, collegiality, and a positive attitude. We work hard to produce an environment that fosters mutual respect, collaboration, and achievement. Because Harvard contributes so significantly to the growth and dissemination of knowledge, our work plays an important role in strengthening society by strengthening this extraordinary University.

Financial Overview — FY 2023

$6051.9M

Total Revenue

$6253.1M

Total Expenses

$59486.7M

Net Assets

37629

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 87.9%

Fundraising Efficiency 664870.7%

Operating Reserve 114.16x

Liability-to-Asset 15.8%

Revenue Diversification 38.0%

Executive Compensation $14.7M

Compared with Peers

FY 2023

Compared with 607 similar organizations (United States, Education, $100M and over in expenses), FY 2023.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	87.9%	87.4%	P10P90	Above median
Admin expense ratio Management and general / total expenses · lower is better	9.0%	10.5%	P10P90	Above median
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	3.2%	1.3%	P10P90	Bottom quarter
Fundraising efficiency Fundraising expenses / gross fundraising income · lower is better	664870.7%	4415.8%	P10P90	Bottom quarter
Operating reserve Months of expenses covered by net assets · higher is better	114.2 mo	20.3 mo	P10P90	Top quarter
Liabilities to assets Total liabilities / total assets · lower is better	15.8%	27.0%	P10P90	Top quarter
Revenue concentration Share of revenue from the largest source · lower is better	38.0%	84.6%	P10P90	Top quarter
Revenue growth Year over year revenue growth	-37.1%	-2.0%	P10P90
Expense growth Year over year expense growth	7.3%	5.9%	P10P90
Surplus margin Surplus as a share of revenue	-3.3%	1.3%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2023	$6051.9M	$6253.1M	$59486.7M	87.9%	37629
2022	$9623.7M	$5826.8M	$59407.1M	88.1%	34241
2021	$8943.2M	$5468.8M	N/A	—	34351

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Organization Details

EIN: 04-2103580
State: MA
City: CAMBRIDGE
ZIP: 02138-3846
Classification: B500
Category: Education
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year
Foundation Code: 11
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

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The coverage grade (A to D) says how much filing data the score rests on; NONE means there is not enough to rate.
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"Compared with peers" places the charity's key ratios against organizations of the same country, sector and size.

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