Harmony Hill School Inc

Analysis

Harmony Hill School Inc is a registered charity in United States, based in Chepachet, RI. It received its IRS tax-exemption ruling in April 1979, 47 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Harmony Hill School Inc reported income of $10.4m and spending of $10.0m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.2m to $10.4m (+45%), an average of +9.7% a year. The sharpest change came in the year to June 2022, when income rose by 16%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Harmony Hill School Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within RI. Charities of a similar size with the same main cause include Wilder Foundation ($10.4m), Alliance for Progress Charter School Inc ($10.4m) and Cardinal McCloskey Community Charter School ($10.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $219k (2.2% of expenses). Other salaries and wages came to $6.8m. At year end it held assets of $6.3m against liabilities of $2.1m, net assets of $4.2m. It reported 214 employees.