Harbor House Community Service Center

Analysis

Harbor House Community Service Center is a registered charity in United States, based in Southwest HBR, ME. It received its IRS tax-exemption ruling in September 1965, 61 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Harbor House Community Service Center reported income of $1.3m and spending of $1.3m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.3m (+6.0%), an average of +1.5% a year. The sharpest change came in the year to December 2022, when income rose by 232%. Over the whole period it spent 64% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Harbor House Community Service Center sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within ME. Charities of a similar size with the same main cause include Dog Tag Inc ($1.3m), Tovah Inc ($1.3m) and Opportunity Labs Foundation Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $102k (8.0% of expenses). Other salaries and wages came to $598k. At year end it held assets of $4.7m against liabilities of $684k, net assets of $4.0m. It reported 35 employees.