Harps Foundation

Analysis

Harps Foundation is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in December 1999, 27 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Harps Foundation reported income of $318k and spending of $357k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $489k to $318k (-35%), an average of -10% a year. The sharpest change came in the year to December 2021, when income rose by 92%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Harps Foundation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within VA. Charities of a similar size with the same main cause include Tapestry Folkdance Center ($318k), Yuma Library Foundation ($318k) and Arcade Comedy Theater Inc ($318k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.1% of the total. Other salaries and wages came to $71k. At year end it held assets of $178k against liabilities of $16k, net assets of $162k. It reported 3 employees.