Harmon Hill Apartments Inc

Analysis

Harmon Hill Apartments Inc is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in January 2001, 25 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Harmon Hill Apartments Inc reported income of $182k and spending of $179k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $124k to $182k (+46%), an average of +9.9% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 123% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Harmon Hill Apartments Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 57th percentile within SC. Charities of a similar size with the same main cause include Be Seattle Organizing ($182k), Affordable Housing of Parker County Inc ($182k) and Rock Garden Camp ($182k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 30% of the total. Other salaries and wages came to $24k. At year end it held assets of $775k against liabilities of $1.2m, net assets of -$424k.