Harch Hyperbaric Institute Inc

Analysis

Harch Hyperbaric Institute Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in December 2016, 10 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, Harch Hyperbaric Institute Inc reported income of $72k and spending of $24k, leaving 67% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $256k to $72k (-72%), an average of -72% a year. The sharpest change came in the year to December 2023, when income dropped by 72%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Harch Hyperbaric Institute Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 28th percentile within LA. Charities of a similar size with the same main cause include Rumi Rancho Ministries Inc ($72k), Therapy Pet Pals of Texas Inc ($72k) and Garden Hills Neighborhood Foundation Inc ($72k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 48% of the total. At year end it held assets of $205k against liabilities of $0, net assets of $205k.