Project Harmony Inc

Analysis

Project Harmony Inc is a registered charity in United States, based in Waitsfield, VT. It received its IRS tax-exemption ruling in October 1985, 41 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Project Harmony Inc reported income of $6.5m and spending of $6.6m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $7.7m to $6.5m (-15%), an average of -3.8% a year. The sharpest change came in the year to June 2023, when income rose by 70%. Over the whole period it spent 100% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Project Harmony Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within VT. Charities of a similar size with the same main cause include Eisenhower Exchange Fellowships Inc ($6.5m), American Friends of Yeshivas Tiferes Yisroel ($6.6m) and Bucks County Organization for Intercultural Advancement ($6.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $110k (1.7% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $1.6m against liabilities of $850k, net assets of $718k. It reported 14 employees.