Harmonia Collaborative Care Inc

Analysis

Harmonia Collaborative Care Inc is a registered charity in United States, based in Derby, NY. It received its IRS tax-exemption ruling in July 1972, 54 years ago. 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 December 2023, Harmonia Collaborative Care Inc reported income of $3.2m and spending of $3.5m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $3.2m (+54%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 32%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Harmonia Collaborative Care Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include American Adoptions of California ($3.2m), Boys and Girls Club of Lake Tahoe ($3.2m) and USA Diving Inc ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $120k (3.5% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $1.5m against liabilities of $414k, net assets of $1.1m. It reported 70 employees.