Harlem Week Inc

Analysis

Harlem Week Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 1981, 45 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 December 2023, Harlem Week Inc reported income of $1.3m and spending of $1.3m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $606k to $1.3m (+114%), an average of +21% a year. The sharpest change came in the year to December 2022, when income rose by 110%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Harlem Week Inc sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Chicago Edge Soccer Club ($1.3m), Sans Souci Inc ($1.3m) and Destination & Travel Foundation ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $38k (2.8% of expenses). Other salaries and wages came to $60k. At year end it held assets of $368k against liabilities of $137k, net assets of $232k. It reported 4 employees.