Harc Inc

Analysis

Harc Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in April 2001, 25 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 June 2023, Harc Inc reported income of $19.3m and spending of $19.5m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $16.8m to $19.3m (+14%), an average of +3.4% a year. The sharpest change came in the year to June 2022, when income rose by 44%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Harc Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within CT. Charities of a similar size with the same main cause include Greater Providence Young Mens Christian Association ($19.3m), Community Seniorserv Inc ($19.3m) and Inter-Lakes Community Action Partnership Inc ($19.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 9.0% of the total. Compensation of current officers, directors and key employees was $441k (2.3% of expenses). Other salaries and wages came to $11.3m. It paid $194k in professional fundraising fees. At year end it held assets of $9.3m against liabilities of $3.4m, net assets of $5.9m. It reported 434 employees.