Eger Harbor House Inc

Analysis

Eger Harbor House Inc is a registered charity in United States, based in Staten Island, NY. It received its IRS tax-exemption ruling in March 2023, 3 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Eger Harbor House Inc reported income of $5.0m and spending of $5.4m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.1m to $5.0m (-2.3%), an average of -0.6% a year. The sharpest change came in the year to December 2022, when income rose by 254%. Over the whole period it spent 129% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Eger Harbor House Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Alexis Apartments of St Patricks Parish ($5.0m), Habitat for Humanity International Inc ($5.0m) and Town of Lincoln Housing Authority ($5.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 99% of the total. Other salaries and wages came to $1.7m. At year end it held assets of $5.4m against liabilities of $13.4m, net assets of -$8.1m. It reported 51 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.