Harlingen Community Development Corporation

Analysis

Harlingen Community Development Corporation is a registered charity in United States, based in Harlingen, TX. It received its IRS tax-exemption ruling in April 1992, 34 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, Harlingen Community Development Corporation reported income of $144k and spending of $1.3m, spending 936% of what it took in. Across the 4 years on record, from September 2019 to September 2023, income fell from $708k to $144k (-80%), an average of -41% a year. The sharpest change came in the year to September 2022, when income rose by 753%. Over the whole period it spent 65% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Harlingen Community Development Corporation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 50th percentile within TX. Charities of a similar size with the same main cause include Roof Over Head Collaborative ($144k), Asi Watertown Inc ($144k) and On the Rock a Goodall Homes Foundation ($144k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 32% and program service revenue 340% of the total. Compensation of current officers, directors and key employees was $122k (9.0% of expenses). Other salaries and wages came to $161k. At year end it held assets of $19.7m against liabilities of $13.8m, net assets of $5.9m. It reported 6 employees.