Compass Harbor

Analysis

Compass Harbor is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in September 2021, 5 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 June 2024, Compass Harbor reported income of $124k and spending of $132k, spending 106% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income grew from $81k to $124k (+53%), an average of +53% a year. The sharpest change came in the year to June 2024, when income rose by 53%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Compass Harbor sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 48th percentile within SC. Charities of a similar size with the same main cause include Thi-6 ($124k), Sbawp Housing Inc ($124k) and Osage Heights Senior Housing Inc ($124k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 49% of the total. At year end it held assets of $71k against liabilities of $0, net assets of $71k.