Guiding Harbor

Analysis

Guiding Harbor is a registered charity in United States, based in Belleville, MI. It received its IRS tax-exemption ruling in October 1964, 62 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 December 2023, Guiding Harbor reported income of $2.3m and spending of $2.3m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.3m (+41%), an average of +9.1% a year. The sharpest change came in the year to December 2022, when income rose by 39%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Guiding Harbor sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within MI. Charities of a similar size with the same main cause include Butterflys Haven ($2.3m), Broadway Filmore Neighborhood Housing Services Inc ($2.3m) and Family & Childrens Services Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $243k (11% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $1.4m against liabilities of $219k, net assets of $1.2m. It reported 58 employees.