Harbor Interfaith Services Inc

Analysis

Harbor Interfaith Services Inc is a registered charity in United States, based in San Pedro, CA. It received its IRS tax-exemption ruling in August 1985, 41 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 Interfaith Services Inc reported income of $17.4m and spending of $17.1m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.8m to $17.4m (+97%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 31%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Harbor Interfaith Services Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Masonic Home Independent Living II Inc ($17.3m), Community Corporation of Santa Monica ($17.4m) and Covenant Home Services ($17.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $195k (1.1% of expenses). Other salaries and wages came to $6.2m. At year end it held assets of $13.4m against liabilities of $3.5m, net assets of $9.9m. It reported 88 employees.