Harbor Properties

Analysis

Harbor Properties is a registered charity in United States, based in New Wilmngtn, PA. It received its IRS tax-exemption ruling in October 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Harbor Properties reported income of $4.7m and spending of $442k, leaving 91% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.8m to $4.7m (+68%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 128%. Over the whole period it spent 17% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Harbor Properties sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within PA. Charities of a similar size with the same main cause include Bayonne Economic Opportunity Foundation ($4.7m), Israel Guide Dog Center for the Blind ($4.7m) and Rocky Mountain Childrens Health Foundation ($4.7m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 17% of the total. At year end it held assets of $57.4m against liabilities of $40.4m, net assets of $17.0m.