Harbour School Foundation Inc

Analysis

Harbour School Foundation Inc is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in January 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Harbour School Foundation Inc reported income of $1.9m and spending of $647k, leaving 66% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $1.9m (+3.5%), an average of +0.9% a year. The sharpest change came in the year to June 2023, when income dropped by 27%. Over the whole period it spent 30% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Harbour School Foundation Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within MD. Charities of a similar size with the same main cause include Chesterton Academy of the Holy Family NFP Incorporated ($1.9m), Oraysa Inc ($1.9m) and Wakullas Charter School of Arts and Technology Inc ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10.0% of the total. At year end it held assets of $23.4m against liabilities of $776k, net assets of $22.6m.