Scan-Harbor Inc

Analysis

Scan-Harbor Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1978, 48 years ago. 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 June 2023, Scan-Harbor Inc reported income of $23.4m and spending of $23.6m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $16.0m to $23.4m (+47%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 48%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Scan-Harbor Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Young Mens Christian Association of the Chesapeake Inc ($23.4m), Art of Living Foundation ($23.4m) and Alianza Municipal de Servicios ($23.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.5% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $1.2m (5.2% of expenses). Other salaries and wages came to $14.1m. At year end it held assets of $21.9m against liabilities of $10.7m, net assets of $11.2m. It reported 759 employees.