Harmony Day Support Inc

Analysis

Harmony Day Support Inc is a registered charity in United States, based in Forest, VA. It received its IRS tax-exemption ruling in September 2023, 3 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 Day Support Inc reported income of $2.3m and spending of $2.0m, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $1.9m to $2.3m (+21%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Harmony Day Support Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within VA. Charities of a similar size with the same main cause include Wood Glen Hall ($2.3m), Youth Encouragement Services Inc ($2.3m) and Friends of the Children-Boston Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $172k (8.5% of expenses). Other salaries and wages came to $952k. At year end it held assets of $1.2m against liabilities of $47k, net assets of $1.1m. It reported 66 employees.