Harbourton Foundation
Harbourton Foundation: Strong Assets, Inconsistent Revenue, and High Administrative Costs
EIN: 222436112 · Reno, NV · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $6.2M |
| Total Expenses | $1.7M |
| Program Spending | 60% |
| Net Assets | $25.2M |
| Transparency Score | 75/100 |
Is Harbourton Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Harbourton Foundation directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Harbourton Foundation
Harbourton Foundation (EIN: 222436112) is a nonprofit organization based in Reno, NV. The organization reported total revenue of $6.2M and total assets of $30.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harbourton Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Harbourton Foundation is a mid-size nonprofit that has been operating for 43 years, with 9 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -1.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $626K |
| Total Expenses | $1.7M |
| Surplus / Deficit | $-1,109,135 |
| Total Assets | $25.2M |
| Total Liabilities | $1 |
| Net Assets | $25.2M |
| Operating Margin | -177.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 174.1 months |
Financial Health Grade: B
In 2023, Harbourton Foundation reported a deficit of $1.1M with expenses exceeding revenue, holds 174.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2012–2023), Harbourton Foundation's revenue has declined at a compound annual growth rate (CAGR) of -1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -85.3% | -71.7% | -3.9% |
| 2022 | -70.1% | +131.0% | -22.2% |
| 2021 | +139.8% | +388.3% | +15.3% |
| 2020 | +176.2% | -84.6% | +11.6% |
| 2019 | -42.1% | +41.3% | -3.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Harbourton Foundation with a Mission Score of 75 out of 100 (Good). 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, Harbourton Foundation allocates its expenses as follows: admin: 30%, programs: 60%, fundraising: 10%. Approximately 60% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation cannot be assessed from the provided data, as no specific figures for salaries or benefits are included in the summary.
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 Harbourton Foundation's IRS 990 filings:
- Administrative expenses appear high relative to program spending, particularly in 2022 where total expenses ($6,137,719) significantly outstripped revenue ($4,263,797).
- Revenue has been highly volatile, ranging from $107,110 in 2013 to $14,272,534 in 2021, making financial planning and sustainability challenging.
- The provided data lacks specific details on program activities and their associated costs, which limits the ability to evaluate programmatic efficiency and impact.
Strengths
The following positive indicators were identified for Harbourton Foundation:
- The foundation maintains substantial assets, consistently above $20 million, providing a strong financial base.
- The organization has a long operating history with available data spanning over a decade, indicating stability.
- Consistently reports no lobbying or political campaign activities, suggesting a focus on its core mission.
Frequently Asked Questions about Harbourton Foundation
Is Harbourton Foundation a legitimate charity?
Harbourton Foundation (EIN: 222436112) is a registered tax-exempt nonprofit based in Nevada. Our AI analysis gives it a Mission Score of 75/100. It has 9 years of IRS 990 filings on record. Total revenue: $6.2M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Harbourton Foundation spend its money?
Harbourton Foundation directs 60% of its spending to programs and services. Fundraising costs 10%. This falls below the 65% benchmark.
Are donations to Harbourton Foundation tax-deductible?
Harbourton Foundation is registered as a tax-exempt nonprofit (EIN: 222436112). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Harbourton Foundation's spending goes to programs?
Harbourton Foundation directs 60% to programs, 10% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
Where is Harbourton Foundation located?
Harbourton Foundation is headquartered in Reno, Nevada and files with the IRS under EIN 222436112.
How many years of IRS 990 filings does Harbourton Foundation have?
Harbourton Foundation has 9 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 $6.2M in total revenue.
What does Harbourton Foundation do?
Harbourton Foundation is a nonprofit organization in the Unknown sector, located in Reno, Nevada. It is classified under NTEE code Unknown.
How much revenue does Harbourton Foundation have?
Harbourton Foundation reported total revenue of $6,163,884. Based on 9 IRS 990 filings on record.
What are Harbourton Foundation's total assets?
Harbourton Foundation holds total assets of $30,854,127 as reported in IRS 990 filings.
Where is Harbourton Foundation located?
Harbourton Foundation is based in Reno, Nevada.
What is Harbourton Foundation's EIN?
Harbourton Foundation's Employer Identification Number (EIN) is 222436112. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Harbourton Foundation?
Harbourton Foundation is classified under NTEE code Unknown (Unknown).
Is Harbourton Foundation a registered 501(c)(3)?
Harbourton Foundation appears in IRS records (EIN: 222436112). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Harbourton Foundation file IRS Form 990?
Yes, Harbourton Foundation has 9 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Harbourton Foundation's revenue in 2023?
In the 202312 filing period, Harbourton Foundation reported total revenue of $626,148, total expenses of $1,735,283, and net assets of $25,182,017.
Is Harbourton Foundation's revenue growing or declining?
Harbourton Foundation's revenue is declining. Revenue went from $4,263,797 (202212) to $626,148 (202312), a -85.3% change. Based on 9 filings on record.
What is Harbourton Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Harbourton Foundation covers tax period 202312. It shows revenue of $626,148, expenses of $1,735,283, total assets of $25,182,017, and liabilities of $1.
How much does Harbourton Foundation spend on programs vs administration?
Based on IRS 990 analysis, Harbourton Foundation allocates approximately 60% of expenses to program services, 30% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Harbourton Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Harbourton Foundation appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Harbourton Foundation?
The following concerns were identified: Administrative expenses appear high relative to program spending, particularly in 2022 where total expenses ($6,137,719) significantly outstripped revenue ($4,263,797).. Revenue has been highly volatile, ranging from $107,110 in 2013 to $14,272,534 in 2021, making financial planning and sustainability challenging.. The provided data lacks specific details on program activities and their associated costs, which limits the ability to evaluate programmatic efficiency and impact.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Harbourton Foundation's strengths?
Positive indicators for Harbourton Foundation include: The foundation maintains substantial assets, consistently above $20 million, providing a strong financial base.. The organization has a long operating history with available data spanning over a decade, indicating stability.. Consistently reports no lobbying or political campaign activities, suggesting a focus on its core mission.. These findings are derived from AI analysis of the organization's financial filings.
How does Harbourton Foundation compensate executives?
Executive compensation cannot be assessed from the provided data, as no specific figures for salaries or benefits are included in the summary. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Harbourton Foundation?
- The organization consistently reports 0% lobbying and 0% political campaign activity across all available filings. - Detailed program spending breakdowns are not readily available in the provided summary data, making it difficult to assess specific impact areas. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the significant fluctuations in annual revenue, what strategies does Harbourton Foundation employ to ensure consistent funding for its programs and operational stability?
Without more detailed financial statements, it's difficult to ascertain specific strategies. However, the large asset base suggests reliance on investment income or a strategy of drawing down assets during low-revenue years, which could be unsustainable long-term without a robust fundraising plan.
How does Harbourton Foundation justify its administrative expenses, which at times appear to consume a substantial portion of its total expenditures, especially in years like 2022 where expenses exceeded revenue?
A detailed breakdown of administrative costs would be necessary to understand this. High administrative costs could indicate significant investment in infrastructure, staff, or compliance, but without context, it raises questions about efficiency and resource allocation, particularly when expenses outpace revenue.
Filing History
IRS 990 filing history for Harbourton Foundation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2023), Harbourton Foundation's revenue has declined by 15.2%, moving from $738K to $626K. Total assets increased by 21.2% over the same period, from $20.8M to $25.2M. Total functional expenses rose by 35.6%, from $1.3M to $1.7M. In its most recent filing year (2023), Harbourton Foundation reported a deficit of $1.1M, with expenses exceeding revenue. The organization holds $1 in liabilities against $25.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $25.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $626K | $1.7M | $25.2M | $1 | — | — |
| 2022 | $4.3M | $6.1M | $26.2M | $1 | — | View 990 |
| 2021 | $14.3M | $2.7M | $33.7M | $1 | — | View 990 |
| 2020 | $6.0M | $544K | $29.2M | $1 | — | View 990 |
| 2019 | $2.2M | $3.5M | $26.2M | $0 | — | View 990 |
| 2015 | $3.7M | $2.5M | $27.1M | $0 | — | View 990 |
| 2014 | $1.1M | $1.3M | $24.3M | $1K | — | View 990 |
| 2013 | $107K | $690K | $21.6M | $995 | — | View 990 |
| 2012 | $738K | $1.3M | $20.8M | $54K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $626K, expenses of $1.7M, and assets of $25.2M (revenue -85.3% year-over-year).
- 2022: Revenue of $4.3M, expenses of $6.1M, and assets of $26.2M (revenue -70.1% year-over-year).
- 2021: Revenue of $14.3M, expenses of $2.7M, and assets of $33.7M (revenue +139.8% year-over-year).
- 2020: Revenue of $6.0M, expenses of $544K, and assets of $29.2M (revenue +176.2% year-over-year).
- 2019: Revenue of $2.2M, expenses of $3.5M, and assets of $26.2M (revenue -42.1% year-over-year).
- 2015: Revenue of $3.7M, expenses of $2.5M, and assets of $27.1M (revenue +241.9% year-over-year).
- 2014: Revenue of $1.1M, expenses of $1.3M, and assets of $24.3M (revenue +915.9% year-over-year).
- 2013: Revenue of $107K, expenses of $690K, and assets of $21.6M (revenue -85.5% year-over-year).
- 2012: Revenue of $738K, expenses of $1.3M, and assets of $20.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Harbourton Foundation:
Data Sources and Methodology
This transparency report for Harbourton 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.