Harbor House Inc of Fort Smith

Analysis

Harbor House Inc of Fort Smith is a registered charity in United States, based in Fort Smith, AR. It received its IRS tax-exemption ruling in July 1966, 60 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 June 2023, Harbor House Inc of Fort Smith reported income of $12.7m and spending of $10.4m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.0m to $12.7m (+155%), an average of +26% a year. The sharpest change came in the year to June 2020, when income rose by 37%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Harbor House Inc of Fort Smith sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within AR. Charities of a similar size with the same main cause include Insight Incentive for Normal Social Interaction-Group Home Today Inc ($12.7m), Mercy Health Foundation Ada ($12.7m) and Bay Area Youth Services Inc ($12.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $381k (3.7% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $12.2m against liabilities of $2.1m, net assets of $10.1m. It reported 182 employees.