Harmony Outreach Inc

Analysis

Harmony Outreach Inc is a registered charity in United States, based in Mt Juliet, TN. It received its IRS tax-exemption ruling in April 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Harmony Outreach Inc reported income of $694k and spending of $632k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $642k to $694k (+8.1%), an average of +2.0% a year. The sharpest change came in the year to December 2021, when income rose by 46%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Harmony Outreach Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within TN. Charities of a similar size with the same main cause include Happy Village ($694k), Lighthouse Family Network Inc ($694k) and Branches Worldwide ($693k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 106% of the total. Compensation of current officers, directors and key employees was $179k (28% of expenses). Other salaries and wages came to $35k. At year end it held assets of $1.6m against liabilities of $541k, net assets of $1.1m. It reported 3 employees.