Harwood Place Inc

Analysis

Harwood Place Inc is a registered charity in United States, based in Wauwatosa, WI. It received its IRS tax-exemption ruling in March 1990, 36 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Harwood Place Inc reported income of $11.3m and spending of $8.8m, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.3m to $11.3m (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Harwood Place Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within WI. Charities of a similar size with the same main cause include Lecom at Presque Isle Inc ($11.2m), Alamo Area Mutual Housing Association Inc ($11.3m) and Bridgewater Village Inc ($11.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $110k (1.3% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $18.2m against liabilities of $31.3m, net assets of -$13.1m. It reported 123 employees.