The Harbour Inc

Analysis

The Harbour Inc is a registered charity in United States, based in Park Ridge, IL. It received its IRS tax-exemption ruling in February 1976, 50 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, The Harbour Inc reported income of $2.6m and spending of $2.8m, spending 107% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.2m to $2.6m (+18%), an average of +5.7% a year. The sharpest change came in the year to June 2021, when income rose by 39%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Harbour Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within IL. Charities of a similar size with the same main cause include Project Oz ($2.6m), Family Lifeline ($2.6m) and Young Mens Christian Association ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $102k (3.6% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $2.8m against liabilities of $1.1m, net assets of $1.7m. It reported 58 employees.