Harvard Plaza Inc

Analysis

Harvard Plaza Inc is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in September 1979, 47 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 March 2023, Harvard Plaza Inc reported income of $1.9m and spending of $2.2m, spending 115% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income grew from $1.7m to $1.9m (+13%), an average of +3.2% a year. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Harvard Plaza Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($1.9m), Episcopal Housing Corporation ($1.9m) and Gardena South Park Senior Project Inc ($1.9m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 59% and program service revenue 34% of the total. Other salaries and wages came to $228k. At year end it held assets of $14.7m against liabilities of $11.5m, net assets of $3.2m. It reported 5 employees.