James H Harless Foundation Inc

Analysis

James H Harless Foundation Inc is a registered charity in United States, based in Gilbert, WV. It received its IRS tax-exemption ruling in April 2008, 18 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, James H Harless Foundation Inc reported income of $634k and spending of $473k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $677k to $634k (-6.4%), an average of -1.6% a year. The sharpest change came in the year to December 2023, when income dropped by 48%. Over the whole period it spent 48% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, James H Harless Foundation Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 71st percentile within WV. Charities of a similar size with the same main cause include Mountain Brook Athletics Inc ($634k), Urban-15 Group ($634k) and Hilliard Ohio Soccer Association Inc ($634k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $45k (9.5% of expenses). At year end it held assets of $10.1m against liabilities of $7,000, net assets of $10.1m. It reported 5 employees.