Harrison Center for Career Education

Analysis

Harrison Center for Career Education is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in November 1986, 40 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Harrison Center for Career Education reported income of $1.2m and spending of $929k, leaving 24% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.5m to $1.2m (-20%), an average of -5.4% a year. The sharpest change came in the year to June 2022, when income rose by 46%. Over the whole period it spent 76% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Harrison Center for Career Education sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 58th percentile within DC. Charities of a similar size with the same main cause include Neighborhood Renaissance Inc ($1.2m), Catawba County Economic Development Corporation ($1.2m) and Womens Employment Network ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $96k (10% of expenses). Other salaries and wages came to $160k. At year end it held assets of $18.1m against liabilities of $0, net assets of $18.1m.