Harambee House Inc

Analysis

Harambee House Inc is a registered charity in United States, based in Savannah, GA. It received its IRS tax-exemption ruling in October 1996, 30 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 2022, Harambee House Inc reported income of $1.3m and spending of $442k, leaving 65% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $116k to $1.3m (+999%), an average of +122% a year. The sharpest change came in the year to December 2020, when income rose by 422%. Over the whole period it spent 37% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Harambee House Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within GA. Charities of a similar size with the same main cause include Regional Food Bank Foundation ($1.3m), Peace 4 Kids ($1.3m) and Quayle Home Care ($1.3m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.7m against liabilities of $22k, net assets of $1.7m.