Belle Harbor Home of the Sages Inc

Analysis

Belle Harbor Home of the Sages Inc is a registered charity in United States, based in Belle Harbor, NY. It received its IRS tax-exemption ruling in August 1978, 48 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Belle Harbor Home of the Sages Inc reported income of $2.2m and spending of $3.5m, spending 161% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.6m to $2.2m (-15%), an average of -3.9% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 118% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Belle Harbor Home of the Sages Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Fellowship Housing Corporation ($2.2m), Villa Greentree Inc Yellowwood Terrace ($2.2m) and Drakes Way Eah Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $4.5m against liabilities of $95k, net assets of $4.4m. It reported 27 employees.