Harrisburg Area Riverboat Society

Analysis

Harrisburg Area Riverboat Society is a registered charity in United States, based in Harrisburg, PA. It received its IRS tax-exemption ruling in March 1986, 40 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 March 2023, Harrisburg Area Riverboat Society reported income of $467k and spending of $399k, spending 85% of its income. Across the 5 years on record, from March 2019 to March 2023, income fell from $541k to $467k (-14%), an average of -3.6% a year. The sharpest change came in the year to March 2021, when income dropped by 45%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Harrisburg Area Riverboat Society sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within PA. Charities of a similar size with the same main cause include International Association of Wildland Fire ($467k), Bridging Cultural Gaps ($467k) and Opry Heritage Foundation of Oklahoma ($467k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 28% and program service revenue 67% of the total. Other salaries and wages came to $142k. At year end it held assets of $136k against liabilities of $54k, net assets of $82k. It reported 24 employees.