Pete & Arline Harman Trust Fund

Analysis

Pete & Arline Harman Trust Fund is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in April 1983, 43 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2024, Pete & Arline Harman Trust Fund reported income of $1.7m and spending of $2.4m, spending 140% of what it took in. Across the 5 years on record, from April 2020 to April 2024, income fell from $53.4m to $1.7m (-97%), an average of -58% a year. The sharpest change came in the year to April 2021, when income dropped by 92%. Over the whole period it spent 14% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pete & Arline Harman Trust Fund sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within UT. Charities of a similar size with the same main cause include California Collaborative for Immigrant Justice ($1.7m), Innovative Alternatives Inc ($1.7m) and Lourdes Alzheimers Special Care Center ($1.7m).

At year end it held assets of $58.3m against liabilities of $0, net assets of $58.3m.