Harambee

Analysis

Harambee is a registered charity in United States, based in Kingston, NY. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Harambee reported income of $237k and spending of $199k, spending 84% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $272k to $237k (-13%), an average of -6.7% a year. Over the whole period it spent 66% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Harambee sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Jacksonville Area Museum Foundation ($237k), Cushman Foundation for Foraminiferal Research Inc ($237k) and Leu Civic Center Inc ($237k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $43k (22% of expenses). Other salaries and wages came to $40k. At year end it held assets of $987k against liabilities of $392k, net assets of $595k. It reported 6 employees.