Harlem Educational Activities Fund Inc

Analysis

Harlem Educational Activities Fund Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2000, 26 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 June 2024, Harlem Educational Activities Fund Inc reported income of $2.9m and spending of $3.6m, spending 124% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $5.0m to $2.9m (-42%), an average of -10% a year. The sharpest change came in the year to June 2020, when income dropped by 29%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Harlem Educational Activities Fund Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Manufactured Housing Community Preservationists ($2.9m), Crossroads Academy ($2.9m) and Angel Flight Soars Inc ($2.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 104% of the total. Compensation of current officers, directors and key employees was $688k (19% of expenses). Other salaries and wages came to $1.2m. It paid $84k in professional fundraising fees. At year end it held assets of $5.3m against liabilities of $3.6m, net assets of $1.8m. It reported 45 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.