Harc Properties Inc

Analysis

Harc Properties Inc is a registered charity in United States, based in Herkimer, NY. It received its IRS tax-exemption ruling in October 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Harc Properties Inc reported income of $92k and spending of $76k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $79k to $92k (+17%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Harc Properties Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 34th percentile within NY. Charities of a similar size with the same main cause include Miles of Smiles Childcare and Preschool Inc ($92k), Maria & Josephs Ministry to the Poor ($92k) and Adulthood Transition Center ($92k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 89% of the total. At year end it held assets of $318k against liabilities of $263k, net assets of $55k.