Harco Industries Inc

Analysis

Harco Industries Inc is a registered charity in United States, based in Kenton, OH. It received its IRS tax-exemption ruling in January 1979, 47 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 June 2023, Harco Industries Inc reported income of $366k and spending of $451k, spending 123% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $599k to $366k (-39%), an average of -12% a year. The sharpest change came in the year to June 2021, when income rose by 51%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Harco Industries Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within OH. Charities of a similar size with the same main cause include Junior League of Columbus Inc ($366k), Teamcalifornia Economic Development Corporation ($367k) and Streets Are for Everyone ($366k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.7% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $48k (11% of expenses). Other salaries and wages came to $154k. At year end it held assets of $462k against liabilities of $31k, net assets of $431k. It reported 14 employees.