Harbor Devlopmental Disabilities Foundation

Analysis

Harbor Devlopmental Disabilities Foundation is a registered charity in United States, based in Torrance, CA. It received its IRS tax-exemption ruling in June 1977, 49 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Harbor Devlopmental Disabilities Foundation reported income of $349.7m and spending of $349.7m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $240.4m to $349.7m (+45%), an average of +9.8% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Harbor Devlopmental Disabilities Foundation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within CA. Charities of a similar size with the same main cause include Wounded Warrior Project Inc ($348.7m), Blue Meridian Partners Inc ($353.3m) and Youth Villages Inc ($342.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $551k (0.2% of expenses). Other salaries and wages came to $25.9m. At year end it held assets of $110.2m against liabilities of $110.1m, net assets of $184k. It reported 442 employees.