The Harford Center Inc

Analysis

The Harford Center Inc is a registered charity in United States, based in Hvre de Grace, MD. It received its IRS tax-exemption ruling in April 1974, 52 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Harford Center Inc reported income of $3.5m and spending of $3.4m, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.2m to $3.5m (+10%), an average of +3.4% a year. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Harford Center Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MD. Charities of a similar size with the same main cause include R L C Corp ($3.5m), The Earth Species Project ($3.5m) and Western South Dakota Senior Services Inc ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $135k (4.0% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $3.6m against liabilities of $201k, net assets of $3.4m. It reported 61 employees.