Harbor Hall Foundation

Analysis

Harbor Hall Foundation is a registered charity in United States, based in Harbor Springs, MI. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover community improvement and capacity building, 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 September 2023, Harbor Hall Foundation reported income of $2.1m and spending of $410k, leaving 80% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.0m to $2.1m (+101%), an average of +19% a year. The sharpest change came in the year to September 2022, when income rose by 141%. Over the whole period it spent 19% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Harbor Hall Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within MI. Charities of a similar size with the same main cause include Moline Foundation ($2.1m), Community Vocational Services Incorporated ($2.1m) and Alcohol Justice ($2.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 51% and program service revenue 23% of the total. It paid $4,545 in professional fundraising fees. At year end it held assets of $14.7m against liabilities of $65k, net assets of $14.6m.