Harc IV Housing Inc

Analysis

Harc IV Housing Inc is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in June 1992, 34 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 September 2023, Harc IV Housing Inc reported income of $68k and spending of $87k, spending 128% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income grew from $56k to $68k (+22%), an average of +22% a year. The sharpest change came in the year to September 2023, when income rose by 22%. Over the whole period it spent 124% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Harc IV Housing Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 25th percentile within AL. Charities of a similar size with the same main cause include Arbor House Inc ($68k), Augusta Senior Center Inc ($68k) and Philadelphia Solar Energy Association ($68k).

On its Form 990-EZ for the period ending September 2023, revenue came from program service revenue 76% of the total. At year end it held assets of $190k against liabilities of $433k, net assets of -$243k.