Hark-Als Inc

Analysis

Hark-Als Inc is a registered charity in United States, based in Hillsborough, NJ. It received its IRS tax-exemption ruling in March 2012, 14 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, Hark-Als Inc reported income of $1.5m and spending of $1.1m, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $680k to $1.5m (+115%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 71%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hark-Als Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within NJ. Charities of a similar size with the same main cause include National Council on Independent Living ($1.5m), Culture of Life Family Services ($1.5m) and Nistar ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $107k (9.8% of expenses). Other salaries and wages came to $2,125. At year end it held assets of $920k against liabilities of $17k, net assets of $903k. It reported 2 employees.