Harbor Foundation
Harbor Foundation consistently operates at a deficit, eroding its asset base.
EIN: 10526170 · York Harbor, ME · NTEE: T20 · Updated: 2026-03-28
Is Harbor Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Harbor Foundation directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Harbor Foundation
Harbor Foundation (EIN: 10526170) is a nonprofit organization based in York Harbor, ME, classified under NTEE code T20. The organization reported total revenue of $73K and total assets of $135K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harbor Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Harbor Foundation with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 30%
- programs: 60%
- fundraising: 10%
According to IRS 990 filings, Harbor Foundation allocates its expenses as follows: admin: 30%, programs: 60%, fundraising: 10%. Approximately 60% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating a volunteer-led organization, which is commendable for minimizing overhead in this area.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Harbor Foundation's IRS 990 filings:
- 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
The following positive indicators were identified for Harbor Foundation:
- Zero officer compensation reported, indicating a volunteer-driven leadership.
- Low liabilities across all reported periods, suggesting good debt management.
Frequently Asked Questions about Harbor Foundation
Is Harbor Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Harbor Foundation (EIN: 10526170) significant concerns. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.
How does Harbor Foundation spend its money?
Harbor Foundation directs 60% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Harbor Foundation tax-deductible?
Harbor Foundation is registered as a tax-exempt nonprofit (EIN: 10526170). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Harbor Foundation financially sustainable?
Based on the consistent operating deficits where expenses frequently exceed revenue (e.g., $18,111 expenses vs. $7,042 revenue in 2023), the organization does not appear financially sustainable in its current operational model.
What is causing the consistent decline in assets?
The consistent decline in assets from $192,675 in 2015 to $146,985 in 2023 is primarily due to the organization's expenses regularly exceeding its revenue, forcing it to draw down its reserves to cover operational costs.
How does the organization fund its operations given the low revenue?
Given the low and often fluctuating revenue, and consistent deficits, the organization appears to be funding its operations by utilizing its existing asset base, which has been steadily decreasing over time.
Filing History
IRS 990 filing history for Harbor Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Harbor Foundation's revenue has declined by 65.8%, moving from $21K to $7K. Total assets increased by 9.4% over the same period, from $134K to $147K. Total functional expenses rose by 93.7%, from $9K to $18K. In its most recent filing year (2023), Harbor Foundation reported a deficit of $11K, with expenses exceeding revenue. The organization holds $1 in liabilities against $147K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $147K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $7K | $18K | $147K | $1 | — | View 990 |
| 2022 | $164 | $25K | $158K | $1 | — | View 990 |
| 2021 | $38K | $20K | $183K | $1 | — | View 990 |
| 2020 | $10K | $18K | $165K | $400 | — | View 990 |
| 2019 | $22K | $26K | $182K | $400 | — | View 990 |
| 2016 | $2K | $19K | $175K | $400 | — | View 990 |
| 2015 | $50K | $15K | $193K | $365 | — | View 990 |
| 2014 | $26K | $14K | $158K | $365 | — | View 990 |
| 2013 | $23K | $13K | $146K | $365 | — | View 990 |
| 2012 | $14K | $12K | $137K | $345 | — | View 990 |
| 2011 | $21K | $9K | $134K | $322 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7K, expenses of $18K, and assets of $147K (revenue +4193.9% year-over-year).
- 2022: Revenue of $164, expenses of $25K, and assets of $158K (revenue -99.6% year-over-year).
- 2021: Revenue of $38K, expenses of $20K, and assets of $183K (revenue +262.8% year-over-year).
- 2020: Revenue of $10K, expenses of $18K, and assets of $165K (revenue -52.9% year-over-year).
- 2019: Revenue of $22K, expenses of $26K, and assets of $182K (revenue +1007.4% year-over-year).
- 2016: Revenue of $2K, expenses of $19K, and assets of $175K (revenue -96.0% year-over-year).
- 2015: Revenue of $50K, expenses of $15K, and assets of $193K (revenue +91.4% year-over-year).
- 2014: Revenue of $26K, expenses of $14K, and assets of $158K (revenue +14.3% year-over-year).
- 2013: Revenue of $23K, expenses of $13K, and assets of $146K (revenue +59.3% year-over-year).
- 2012: Revenue of $14K, expenses of $12K, and assets of $137K (revenue -30.7% year-over-year).
- 2011: Revenue of $21K, expenses of $9K, and assets of $134K.
Data Sources and Methodology
This transparency report for Harbor Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.