Harbor Day Endowment Corporation

Analysis

Harbor Day Endowment Corporation is a registered charity in United States, based in Corona DL Mar, CA. It received its IRS tax-exemption ruling in May 1989, 37 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Day Endowment Corporation reported income of $10.8m and spending of $12.2m, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $12.1m to $10.8m (-11%), an average of -2.9% a year. The sharpest change came in the year to June 2021, when income dropped by 52%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Harbor Day Endowment Corporation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Mastery Prep Elementary ($10.7m), K-State Olathe Innovation Campus Inc ($10.8m) and Scottsdale Preparatory Academy ($10.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% of the total. Other salaries and wages came to $243k. At year end it held assets of $22.6m against liabilities of $1.8m, net assets of $20.8m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.