Harc III Housing Inc

Analysis

Harc III Housing Inc is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in May 1990, 36 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Harc III Housing Inc reported income of $174k and spending of $191k, spending 109% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $216k to $174k (-19%), an average of -5.2% a year. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Harc III Housing Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within AL. Charities of a similar size with the same main cause include Meadow Brook Apartments ($174k), Appalachian Homes for Elderly Inc ($175k) and Housing Alliance of Texas ($174k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $35k. At year end it held assets of $202k against liabilities of $759k, net assets of -$557k.