Harinam Festivals Incorporated

Analysis

Harinam Festivals Incorporated is a registered charity in United States, based in Sandy Ridge, NC. It received its IRS tax-exemption ruling in November 1987, 39 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Harinam Festivals Incorporated reported income of $260k and spending of $215k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $192k to $260k (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2021, when income rose by 114%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Harinam Festivals Incorporated sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within NC. Charities of a similar size with the same main cause include Mercadel Basketball Ministry ($260k), Sauk Prairie Youth Hockey Association Inc ($260k) and Bethel Park Baseball ($260k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $7,200 (3.4% of expenses). Other salaries and wages came to $32k. At year end it held assets of $171k against liabilities of $824, net assets of $170k. It reported 5 employees.