Harbor Group Cares

Analysis

Harbor Group Cares is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in November 2023, 3 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Group Cares reported income of $140k and spending of $106k, leaving 25% of income unspent that year. Over the whole period it spent 75% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Harbor Group Cares sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within VA. Charities of a similar size with the same main cause include Internationl Association of Lions Clubs ($140k), American Indian Veterans Memorial Organization ($140k) and The Gear Foundation Inc ($140k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $84k against liabilities of $50k, net assets of $34k.