Harbor Beach United Community Fund

Analysis

Harbor Beach United Community Fund is a registered charity in United States, based in Harbor Beach, MI. It received its IRS tax-exemption ruling in September 2001, 25 years ago. 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 October 2023, Harbor Beach United Community Fund reported income of $55k and spending of $49k, spending 90% of its income. Across the 2 years on record, from October 2022 to October 2023, income grew from $15k to $55k (+263%), an average of +263% a year. The sharpest change came in the year to October 2023, when income rose by 263%. Over the whole period it spent 118% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Harbor Beach United Community Fund sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 20th percentile within MI. Charities of a similar size with the same main cause include Consulting Advocacy Resources Education Inc ($55k), Arapahoe County Foundation Inc ($55k) and Lafayette County Cancer Coalition ($55k).

On its Form 990-EZ for the period ending October 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $21k against liabilities of $0, net assets of $21k.