Harbor Hope Center

Analysis

Harbor Hope Center is a registered charity in United States, based in Gig Harbor, WA. It received its IRS tax-exemption ruling in January 2019, 7 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 December 2023, Harbor Hope Center reported income of $702k and spending of $762k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $233k to $702k (+201%), an average of +32% a year. The sharpest change came in the year to December 2021, when income rose by 134%. Over the whole period it spent 87% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Harbor Hope Center sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within WA. Charities of a similar size with the same main cause include Phoenix Revitalization Corporation ($701k), Overlook Senior Citizens Housing of Knox County Inc ($702k) and Kingston Midtown Rising ($701k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% of the total. Other salaries and wages came to $447k. At year end it held assets of $669k against liabilities of $9,899, net assets of $659k. It reported 28 employees.