Harbor Health Services Inc

Analysis

Harbor Health Services Inc is a registered charity in United States, based in Mattapan, MA. It received its IRS tax-exemption ruling in February 1971, 55 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 June 2023, Harbor Health Services Inc reported income of $99.8m and spending of $99.0m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $78.3m to $99.8m (+27%), an average of +6.3% a year. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Harbor Health Services Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MA. Charities of a similar size with the same main cause include Amego Inc ($99.8m), Deaconess Health System Inc ($99.9m) and Shannon Medical Management ($99.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $1.9m (1.9% of expenses). Other salaries and wages came to $37.0m. At year end it held assets of $75.8m against liabilities of $35.0m, net assets of $40.7m. It reported 654 employees.