Harc Foundation Inc

Analysis

Harc Foundation Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Harc Foundation Inc reported income of $128k and spending of $213k, spending 166% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $57k to $128k (+125%), an average of +22% a year. The sharpest change came in the year to June 2021, when income rose by 549%. Over the whole period it spent 109% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Harc Foundation Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within CT. Charities of a similar size with the same main cause include Helens Place for Personal Care ($128k), At Risk Children Foundation Inc ($128k) and Spring Research Innovation Network Group ($128k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% of the total. At year end it held assets of $4.4m against liabilities of $129k, net assets of $4.3m.