Harkness House for Children Inc

Analysis

Harkness House for Children Inc is a registered charity in United States, based in Winnetka, IL. It received its IRS tax-exemption ruling in December 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Harkness House for Children Inc reported income of $1.7m and spending of $1.5m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.7m (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2021, when income rose by 60%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Harkness House for Children Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within IL. Charities of a similar size with the same main cause include Desert Sanctuary Inc ($1.7m), Adoptive and Foster Families of Maine Inc ($1.7m) and Peer Support and Advocacy Network ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $90k (6.1% of expenses). Other salaries and wages came to $864k. At year end it held assets of $2.0m against liabilities of $140k, net assets of $1.9m. It reported 24 employees.