Harbor School

Analysis

Harbor School is a registered charity in United States, based in Vashon, WA. It received its IRS tax-exemption ruling in January 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Harbor School reported income of $1.5m and spending of $1.3m, spending 87% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.2m to $1.5m (+30%), an average of +5.3% a year. The sharpest change came in the year to June 2023, when income rose by 40%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Harbor School sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within WA. Charities of a similar size with the same main cause include Savannah River Academy Inc ($1.5m), Beyond Basics Inc ($1.5m) and Gti Hope ($1.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 7.1% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $798k (59% of expenses). Other salaries and wages came to $56. At year end it held assets of $847k against liabilities of $98k, net assets of $748k. It reported 16 employees.