Harambee Centre Inc

Analysis

Harambee Centre Inc is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in August 2001, 25 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 Centre Inc reported income of $145k and spending of $165k, spending 114% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $108k to $145k (+34%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 101% 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 Centre Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within OR. Charities of a similar size with the same main cause include Southern Agricultural Economics Association ($145k), The Newnan Coweta Historical Society Inc Permanent Endowment ($145k) and Foundation to Assist Young Musicians ($145k).

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 $75k against liabilities of $0, net assets of $75k.