Quick charity verification for Harbor Foundation (EIN: 10526170)
Verdict: Harbor Foundation shows mixed signals
45/100Mission Score
$73KRevenue
$135KAssets
3Red Flags
2Strengths
Red Flags
Consistent operating deficits (expenses exceeding revenue in most years, e.g., 2023: $18,111 expenses vs. $7,042 revenue).
Declining asset base over time (from $192,675 in 2015 to $146,985 in 2023).
Very low revenue in some periods (e.g., $164 in 2022) relative to expenses, indicating potential funding instability.
Strengths
Zero officer compensation reported, indicating a volunteer-driven leadership.
Low liabilities across all reported periods, suggesting good debt management.
Spending Breakdown
How Harbor Foundation allocates its funds across programs, administration, and fundraising.
60%
Program Spending
Below average — room for improvement
30%
Admin Costs
High — over 25% on administration
10%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Harbor Foundation
Is Harbor Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Harbor Foundation (EIN: 10526170) shows mixed signals. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.
Is Harbor Foundation a good charity to donate to?
Harbor Foundation has a Mission Score of 45/100. Revenue: $73K. Assets: $135K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Harbor Foundation?
The Employer Identification Number (EIN) for Harbor Foundation is 10526170. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Harbor Foundation spend its money?
Harbor Foundation allocates 60% to programs, 30% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Harbor Foundation's tax-exempt status?
You can verify Harbor Foundation's tax-exempt status using EIN 10526170 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Harbor Foundation exhibits a concerning trend of operating deficits, with expenses consistently exceeding revenue in recent years. For instance, in 2023, expenses were $18,111 against revenue of $7,042, and in 2022, expenses were $25,457 against a mere $164 in revenue. This sustained imbalance suggests a reliance on drawing down assets or other non-operating income sources, which is not sustainable long-term. While the organization maintains a relatively low liability profile, its asset base has shown a declining trend from a high of $192,675 in 2015 to $146,985 in 2023, indicating that these deficits are eroding its financial reserves.
The organization's financial health appears precarious due to its consistent spending exceeding income. The lack of officer compensation reported across all filings suggests a volunteer-driven leadership, which can be a positive for efficiency, but the overall financial performance raises questions about the scale and impact of its programs given the consistent net losses. Without a detailed breakdown of expenses, it's difficult to fully assess spending efficiency, but the overall financial trajectory points to significant challenges in achieving financial sustainability. The organization's transparency is generally good through its consistent 990 filings, but the financial data itself signals underlying issues.