Harlem Rbi Incorporated

Analysis

Harlem Rbi Incorporated is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1999, 27 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2023, Harlem Rbi Incorporated reported income of $35.9m and spending of $34.9m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $19.5m to $35.9m (+84%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 40%. Over the whole period it spent 91% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Harlem Rbi Incorporated sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include East Bay Community Foundation ($35.9m), Petco Love ($36.0m) and Chattanooga Christian Community Foundation ($35.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $2.1m (6.0% of expenses). Other salaries and wages came to $11.3m. At year end it held assets of $271.3m against liabilities of $206.4m, net assets of $64.9m. It reported 575 employees.