Harbel Community Organization Inc

Analysis

Harbel Community Organization Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in March 1972, 54 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, Harbel Community Organization Inc reported income of $2.2m and spending of $2.1m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $2.2m (+90%), an average of +17% a year. The sharpest change came in the year to June 2023, when income rose by 70%. Over the whole period it spent 107% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Harbel Community Organization Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within MD. Charities of a similar size with the same main cause include Neighbors and Neighbors Association Inc ($2.2m), Partners for Self-Employment Inc ($2.2m) and Human Services Coalition of Tompkins County Inc ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $112k (5.4% of expenses). Other salaries and wages came to $847k. At year end it held assets of $800k against liabilities of $287k, net assets of $514k. It reported 49 employees.