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Education · 2023 Form 990

Harvard Management Private Equity Corporation: $2.0B Revenue, $467.1M Expenses

Boston, Massachusetts · EIN 043070522 · Filing year 2023

Harvard Management Private Equity Corporation reported $2.0B in total revenue, $467.1M in total expenses, and $47.7B in total assets on its 2023 IRS Form 990. Current-officer compensation is not separately reported on this 990 filing. NonprofitTruth efficiency grade: C (54/100).

Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.

Reviewed by NonprofitTruth Editorial Team · Updated
C
Efficiency Score
54/100

Key Facts (2023 Form 990)

Total Revenue
$2.0B
Total Expenses
$467.1M
Total Assets
$47.7B
Reserve Months
1226.4 months
Surplus / (Deficit)
$1.6B
EIN
043070522
Latest 990 Year
2023
Current-Officer Compensation
Not reported
Officer Comp % of Revenue
N/A

Harvard Management Private Equity Corporation earns a C on the efficiency rubric — the median bucket on the NonprofitTruth scale, indicating performance close to the national midpoint across financial reserves, officer compensation, and revenue consistency. Composite score: 54/100.

On revenue, Harvard Management Private Equity Corporation is among the largest U.S. nonprofits: $2.0B in 2023 reported revenue. Organizations at this scale typically operate hospitals, university systems, or national federations — the financial pattern looks more like a corporation than the small-charity stereotype. On the financial-health factor, Harvard Management Private Equity Corporation runs thin — assets relative to annual spending fall below the cushion nonprofit-finance experts typically recommend.

Revenue has grown meaningfully across the five-year filing history — a sign of expanding donor base, new grants, or scaling programs. Harvard Management Private Equity Corporation reported $2.0B in 2023, up notably from the start of the window. Current-officer compensation is not separately reported in the filing — typical for nonprofits where leadership is paid through a related entity (parent system, university, or foundation) rather than the filing organization itself, or for small organizations whose chief is a volunteer or board member. In the Education category, Harvard Management Private Equity Corporation sits alongside universities, K-12 systems, scholarship funds, and education-research organizations. Education-sector nonprofits often hold large endowments, which affects how the reserves-and-revenue figures should be read.


$2.0B
Revenue
$467.1M
Expenses
$47.7B
Total Assets
N/A
Officer Compensation

How Harvard Management Private Equity Corporation Compares

Harvard Management Private Equity Corporation earns a NonprofitTruth efficiency grade of C (54/100). That is 10 points below the Education category average. The organization holds 1226.4 months of operating reserves, indicating strong financial cushion.

Financials

990 Financial Snapshot

$467.1M
Total Expenses
Filing year 2023
Not reported
Officer Compensation
on this 990
1226.4 mo
Reserve Months
of expenses in assets

Based on IRS tax-exempt organization data, Harvard Management Private Equity Corporation reported $2.0B in revenue against $467.1M in total functional expenses for filing year 2023, holding roughly 1226.4 months of operating reserves. A program-vs-overhead split is not shown here because total program service expenses (Form 990 Part IX, line 25, column B) are not available in the ProPublica Nonprofit Explorer feed this site ingests; that breakdown can be read directly from the organization’s e-filed 990.

Trend

Revenue History

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Harvard Management Private Equity Corporation has a NonprofitTruth Efficiency Score of C (54/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.

Harvard Management Private Equity Corporation, Donor FAQ

Harvard Management Private Equity Corporation has a NonprofitTruth Efficiency Score of C (54/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.

Current-officer compensation for Harvard Management Private Equity Corporation is not separately reported in the most recent IRS Form 990 on file. This is common when leadership is paid through a related entity or the organization files a short-form return.

Harvard Management Private Equity Corporation reported $2.0B in annual revenue and $467.1M in total expenses for filing year 2023. The organization holds $47.7B in total assets.

Harvard Management Private Equity Corporation holds approximately 1226.4 months of operating reserves (total assets relative to annual expenses) based on its 2023 IRS Form 990, one input into its C efficiency grade.

Harvard Management Private Equity Corporation is a registered 501(c) organization with EIN 043070522, based in Boston, Massachusetts. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.

Sources: IRS 990 Filings, ProPublica Nonprofit Explorer
Last updated:

Financial data is sourced from IRS Form 990 filings via ProPublica Nonprofit Explorer. The Efficiency Score combines three signals the 990 feed actually reports: financial health / operating reserves (40%), multi-year revenue consistency (35%), and current-officer compensation relative to revenue (25%). It does not include a program-spending ratio, because total program service expenses are not exposed by the ProPublica feed; no program ratio is estimated. Filing data may lag 6-18 months from the tax year.