Harbor Inn

Analysis

Harbor Inn is a registered charity in United States, based in Southfield, MI. It received its IRS tax-exemption ruling in October 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Harbor Inn reported income of $2.2m and spending of $3.8m, spending 173% of what it took in. The sharpest change came in the year to December 2022, when income rose by 276%. Over the whole period it spent 195% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Harbor Inn sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within MI. Charities of a similar size with the same main cause include Bnai Brith Housing New England Inc ($2.2m), Habitat for Humanity International Inc ($2.2m) and Habitat for Humanity International Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $80k (2.1% of expenses). Other salaries and wages came to $300k. At year end it held assets of $27.0m against liabilities of $27.7m, net assets of -$692k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.