Harbor Point Housing Inc

Analysis

Harbor Point Housing Inc is a registered charity in United States, based in New Brighton, PA. It received its IRS tax-exemption ruling in February 2021, 5 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Point Housing Inc reported income of $225k and spending of $174k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $114k to $225k (+98%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 93%. Over the whole period it spent 124% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Harbor Point Housing Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within PA. Charities of a similar size with the same main cause include Peyton Manor Inc ($225k), Springboard Cdfi ($225k) and Clean Socks Hope Inc ($225k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $57k (33% of expenses). At year end it held assets of $267k against liabilities of $0, net assets of $267k.