Habcore Inc

Analysis

Habcore Inc is a registered charity in United States, based in Red Bank, NJ. It received its IRS tax-exemption ruling in April 1989, 37 years ago. 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 December 2023, Habcore Inc reported income of $5.0m and spending of $4.6m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.5m to $5.0m (+43%), an average of +9.4% a year. The sharpest change came in the year to December 2022, when income rose by 18%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Habcore Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NJ. Charities of a similar size with the same main cause include LA Clinica Delpueblo de Rio Ariba ($5.0m), Santa Clara Aquamaids Synchronized Swimming Club ($5.0m) and Gettysburg History ($5.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $382k (8.3% of expenses). Other salaries and wages came to $878k. At year end it held assets of $6.6m against liabilities of $3.0m, net assets of $3.6m. It reported 54 employees.