Harbert Employees Reaching Out Foundation

Analysis

Harbert Employees Reaching Out Foundation is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in February 1999, 27 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Harbert Employees Reaching Out Foundation reported income of $199k and spending of $145k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $155k to $199k (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2020, when income rose by 686%. Over the whole period it spent 102% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Harbert Employees Reaching Out Foundation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within AL. Charities of a similar size with the same main cause include Wisconsin State Golf Associationfoundation Inc ($198k), Jingled Elves Inc ($199k) and Daytona Beach Community Foundation Inc ($198k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 107% of the total. At year end it held assets of $729k against liabilities of $3,478, net assets of $725k.