Harmony Program

Analysis

Harmony Program is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 2004, 22 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Harmony Program reported income of $2.0m and spending of $2.0m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $2.0m (+43%), an average of +9.3% a year. The sharpest change came in the year to June 2022, when income rose by 45%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Harmony Program sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Preservation League of New York State ($2.0m), Following Francis ($2.0m) and Jewish Film Institute ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 12% of the total. Other salaries and wages came to $1.0m. It paid $24k in professional fundraising fees. At year end it held assets of $1.9m against liabilities of $116k, net assets of $1.8m. It reported 113 employees.