Ithaka Harbors Inc

Analysis

Ithaka Harbors Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1996, 30 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. 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, Ithaka Harbors Inc reported income of $106.0m and spending of $117.2m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $104.8m to $106.0m (+1.2%), an average of +0.3% a year. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ithaka Harbors Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Public Interest Registry ($105.1m), American Society for Testing and Materials ($106.9m) and Lincoln Center Development Project Inc ($104.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.2% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $5.4m (4.6% of expenses). Other salaries and wages came to $46.0m. At year end it held assets of $342.2m against liabilities of $177.5m, net assets of $164.7m. It reported 469 employees.