Educational Harbor Inc

Analysis

Educational Harbor Inc is a registered charity in United States, based in Palmetto, FL. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Educational Harbor Inc reported income of $448k and spending of $445k, spending 99% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $305k to $448k (+47%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 100%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Educational Harbor Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 71st percentile within FL. Charities of a similar size with the same main cause include Lehi Montessori Inc ($448k), Science Coalition Inc ($448k) and Realms of Inquiry Private School Inc ($448k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.4% and program service revenue 99% of the total. Other salaries and wages came to $309k. At year end it held assets of $102k against liabilities of $28k, net assets of $74k. It reported 10 employees.