Harbor House Inc
EIN: 620673183 · Memphis, TN · NTEE: F34Z
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $1.4M |
| Net Assets | $694K |
Is Harbor House Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Harbor House Inc
Harbor House Inc (EIN: 620673183) is a nonprofit organization based in Memphis, TN, classified under NTEE code F34Z. The organization reported total revenue of $1.5M and total assets of $783K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harbor House Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Harbor House Inc is a mid-size nonprofit that has been operating for 64 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.4M |
| Surplus / Deficit | +$77K |
| Total Assets | $761K |
| Total Liabilities | $67K |
| Net Assets | $694K |
| Operating Margin | 5.3% |
| Debt-to-Asset Ratio | 8.8% |
| Months of Reserves | 6.6 months |
Financial Health Grade: A
In 2023, Harbor House Inc reported a surplus of $77K with revenue exceeding expenses, holds 6.6 months of operating reserves (strong position), has a debt-to-asset ratio of 8.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Harbor House Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +30.6% | +6.1% | +18.4% |
| 2022 | -27.7% | +7.1% | -27.0% |
| 2021 | +27.7% | -17.1% | +29.9% |
| 2020 | -13.1% | +5.6% | -10.5% |
| 2019 | -5.4% | +16.3% | +0.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1962 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Harbor House Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Harbor House Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $77K, with revenue exceeding expenses.
- Debt-to-asset ratio: 8.8%.
Frequently Asked Questions about Harbor House Inc
Is Harbor House Inc a legitimate charity?
Harbor House Inc (EIN: 620673183) is a registered tax-exempt nonprofit based in Tennessee. It has 13 years of IRS 990 filings on record. Total revenue: $1.5M. No red flags identified. Financial health grade: A.
How does Harbor House Inc spend its money?
Harbor House Inc reported $1.5M in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Harbor House Inc tax-deductible?
Harbor House Inc is registered as a tax-exempt nonprofit (EIN: 620673183). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Harbor House Inc located?
Harbor House Inc is headquartered in Memphis, Tennessee and files with the IRS under EIN 620673183. It is classified under NTEE code F34Z.
How many years of IRS 990 filings does Harbor House Inc have?
Harbor House Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.5M in total revenue.
Filing History
IRS 990 filing history for Harbor House Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Harbor House Inc's revenue has grown by 30.5%, moving from $1.1M to $1.5M. Total assets increased by 1.6% over the same period, from $748K to $761K. Total functional expenses rose by 19.4%, from $1.2M to $1.4M. In its most recent filing year (2023), Harbor House Inc reported a surplus of $77K, with revenue exceeding expenses. The organization holds $67K in liabilities against $761K in assets (debt-to-asset ratio: 8.8%), resulting in net assets of $694K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.4M | $761K | $67K | — | — |
| 2022 | $1.1M | $1.3M | $642K | $25K | — | View 990 |
| 2021 | $1.5M | $1.2M | $880K | $77K | — | View 990 |
| 2020 | $1.2M | $1.5M | $677K | $202K | — | View 990 |
| 2019 | $1.4M | $1.4M | $757K | $25K | — | View 990 |
| 2018 | $1.5M | $1.2M | $754K | $24K | — | View 990 |
| 2017 | $1.1M | $1.0M | $471K | $18K | — | View 990 |
| 2016 | $974K | $1.0M | $425K | $22K | — | View 990 |
| 2015 | $996K | $1.0M | $493K | $23K | — | View 990 |
| 2014 | $1.0M | $1.0M | $499K | $24K | — | View 990 |
| 2013 | $1.1M | $1.1M | $501K | $42K | — | View 990 |
| 2012 | $1.1M | $1.3M | $554K | $91K | — | View 990 |
| 2011 | $1.1M | $1.2M | $748K | $130K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.4M, and assets of $761K (revenue +30.6% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.3M, and assets of $642K (revenue -27.7% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.2M, and assets of $880K (revenue +27.7% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.5M, and assets of $677K (revenue -13.1% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.4M, and assets of $757K (revenue -5.4% year-over-year).
- 2018: Revenue of $1.5M, expenses of $1.2M, and assets of $754K (revenue +37.0% year-over-year).
- 2017: Revenue of $1.1M, expenses of $1.0M, and assets of $471K (revenue +9.9% year-over-year).
- 2016: Revenue of $974K, expenses of $1.0M, and assets of $425K (revenue -2.2% year-over-year).
- 2015: Revenue of $996K, expenses of $1.0M, and assets of $493K (revenue -3.7% year-over-year).
- 2014: Revenue of $1.0M, expenses of $1.0M, and assets of $499K (revenue -6.8% year-over-year).
- 2013: Revenue of $1.1M, expenses of $1.1M, and assets of $501K (revenue -1.6% year-over-year).
- 2012: Revenue of $1.1M, expenses of $1.3M, and assets of $554K (revenue +1.3% year-over-year).
- 2011: Revenue of $1.1M, expenses of $1.2M, and assets of $748K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Harbor House Inc:
Data Sources and Methodology
This transparency report for Harbor House Inc 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.