Harlem Center for Education Inc

Analysis

Harlem Center for Education Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1971, 55 years ago. 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 August 2023, Harlem Center for Education Inc reported income of $947k and spending of $973k, spending 103% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $772k to $947k (+23%), an average of +5.2% a year. The sharpest change came in the year to August 2022, when income rose by 42%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Harlem Center for Education Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Paralyzed Veterans of America Spinal Cord Research Foundation ($947k), Forests Forever Inc ($947k) and Blacklick Valley Foundation and Ambulance Service Inc ($946k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $588k. At year end it held assets of $72k against liabilities of $58k, net assets of $14k. It reported 12 employees.