Harford Family House Inc

Analysis

Harford Family House Inc is a registered charity in United States, based in Aberdeen, MD. It received its IRS tax-exemption ruling in January 1991, 35 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 June 2023, Harford Family House Inc reported income of $2.0m and spending of $1.9m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $918k to $2.0m (+119%), an average of +22% a year. The sharpest change came in the year to June 2022, when income rose by 32%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Harford Family House Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MD. Charities of a similar size with the same main cause include Midland Rape Crisis Center Inc ($2.0m), Texas Rangers Association Foundation ($2.0m) and Central Virginia Housing Coalition Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 4.0% of the total. Compensation of current officers, directors and key employees was $114k (5.8% of expenses). Other salaries and wages came to $931k. At year end it held assets of $3.3m against liabilities of $1.1m, net assets of $2.2m. It reported 34 employees.