Harbor Homes Inc

Analysis

Harbor Homes Inc is a registered charity in United States, based in Nashua, NH. It received its IRS tax-exemption ruling in April 1985, 41 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Harbor Homes Inc reported income of $37.9m and spending of $37.5m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $31.1m to $37.9m (+22%), an average of +5.0% a year. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Harbor Homes Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NH. Charities of a similar size with the same main cause include Community Options New York Inc ($37.8m), First Chinese Presbyterian Community Affairs Home Attendant C ($38.1m) and Galloway Ridge Inc ($37.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $907k (2.4% of expenses). Other salaries and wages came to $14.1m. At year end it held assets of $31.2m against liabilities of $21.5m, net assets of $9.7m. It reported 346 employees.