Respite at Halibut Cove

Analysis

Respite at Halibut Cove is a registered charity in United States, based in Halibut Cove, AK. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Respite at Halibut Cove reported income of $109k and spending of $131k, spending 120% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $166k to $109k (-34%), an average of -13% a year. The sharpest change came in the year to December 2021, when income dropped by 43%. Over the whole period it spent 77% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Respite at Halibut Cove sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 34th percentile within AK. Charities of a similar size with the same main cause include United Methodist Men Foundation ($109k), Dawat-E-Islami Ga Inc ($109k) and Thanh-Hoa Project Foundation ($109k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $515k against liabilities of $370k, net assets of $145k.