Harbor Tower

Analysis

Harbor Tower is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in July 1977, 49 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending November 2023, Harbor Tower reported income of $1.1m and spending of $1.0m, spending 91% of its income. Across the 5 years on record, from November 2019 to November 2023, income grew from $987k to $1.1m (+12%), an average of +3.0% a year. Over the whole period it spent 43% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Harbor Tower sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Lee County Housing Development Corporation ($1.1m), Denton Affordable Housing Corporation ($1.1m) and Rebuilding Together Kansas City Inc ($1.1m).

On its Form 990 for the period ending November 2023, revenue came from program service revenue 94% of the total. At year end it held assets of $23.5m against liabilities of $18k, net assets of $23.5m.