Harbor Centers Inc

Analysis

Harbor Centers Inc is a registered charity in United States, based in Carlton, MN. It received its IRS tax-exemption ruling in March 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Harbor Centers Inc reported income of $136k and spending of $136k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $138k to $136k (-1.2%), an average of -1.2% a year. Over the whole period it spent 112% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Harbor Centers Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 42nd percentile within MN. Charities of a similar size with the same main cause include Hancock County Cis Family Connection Inc ($136k), Horsespeak Center for Personal Development Inc ($136k) and Old Rajshahi Cadets Association USA Chapter Orca USA ($136k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 5.1% and program service revenue 95% of the total. At year end it held assets of $26k against liabilities of $31k, net assets of -$4,522.