Harbor House Ministries Inc

Analysis

Harbor House Ministries Inc is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in February 1972, 54 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 House Ministries Inc reported income of $771k and spending of $655k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $477k to $771k (+61%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 54%. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Harbor House Ministries Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Genesis Harbor of Opportunities Promoting Excellent ($771k), New Brunswick City Market Inc ($771k) and Idaho Falls Conference of the Society of St Vincent de Paul ($770k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $96k (15% of expenses). Other salaries and wages came to $333k. At year end it held assets of $1.0m against liabilities of $195k, net assets of $826k. It reported 16 employees.