New Community Harmony House Corporation

Analysis

New Community Harmony House Corporation is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in December 1989, 37 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, New Community Harmony House Corporation reported income of $2.2m and spending of $2.2m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.3m to $2.2m (-3.9%), an average of -1.0% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Community Harmony House Corporation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within NJ. Charities of a similar size with the same main cause include Congregational Community Action Project Inc ($2.2m), The Committee of 200 ($2.2m) and Bluefield Union Mission ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 67% of the total. Other salaries and wages came to $344k. At year end it held assets of $6.1m against liabilities of $5.8m, net assets of $296k.