Harbor House Foundation Inc

Analysis

Harbor House Foundation Inc is a registered charity in United States, based in Choctaw, OK. It received its IRS tax-exemption ruling in May 1998, 28 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, Harbor House Foundation Inc reported income of $1.0m and spending of $1.1m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $1.0m (-7.6%), an average of -2.0% a year. The sharpest change came in the year to December 2021, when income rose by 69%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Harbor House Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within OK. Charities of a similar size with the same main cause include Eppson Center for Seniors Inc ($1.0m), Hospice Foundation of Palm Beach County Inc ($1.0m) and Options for Youth ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $80k (7.1% of expenses). Other salaries and wages came to $252k. At year end it held assets of $245k against liabilities of $1.6m, net assets of -$1.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.