Harbor Ministries Inc

Analysis

Harbor Ministries Inc is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Harbor Ministries Inc reported income of $1.2m and spending of $977k, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $954k to $1.2m (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2020, when income rose by 39%. Over the whole period it spent 71% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Harbor Ministries Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within NE. Charities of a similar size with the same main cause include Middle East Trauma Healing Resource Center ($1.2m), Community Ministry Support Inc ($1.2m) and Coalition for Canceled Priests NFP ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $77k (7.9% of expenses). Other salaries and wages came to $154k. At year end it held assets of $2.9m against liabilities of $22k, net assets of $2.9m. It reported 10 employees.