Harmony Inc

Analysis

Harmony Inc is a registered charity in United States, based in Mechanicsvlle, VA. It received its IRS tax-exemption ruling in August 2014, 12 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending November 2023, Harmony Inc reported income of $479k and spending of $380k, leaving 21% of income unspent that year. Across the 5 years on record, from November 2019 to November 2023, income grew from $339k to $479k (+41%), an average of +9.1% a year. The sharpest change came in the year to November 2022, when income rose by 108%. Over the whole period it spent 75% 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 Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within VA. Charities of a similar size with the same main cause include Fairmont Opera House Inc ($479k), Workshop 13 Inc ($479k) and Zyzzyva Inc ($479k).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 5.4% and program service revenue 94% of the total. Other salaries and wages came to $47k. At year end it held assets of $955k against liabilities of $146k, net assets of $810k. It reported 1 employees.