Capital Harmony Works Inc

Analysis

Capital Harmony Works Inc is a registered charity in United States, based in Trenton, NJ. It received its IRS tax-exemption ruling in April 1998, 28 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Capital Harmony Works Inc reported income of $1.1m and spending of $1.2m, spending 110% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $711k to $1.1m (+58%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 71%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Capital Harmony Works Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within NJ. Charities of a similar size with the same main cause include Mak Center for Art and Architecture ($1.1m), Sebastopol Center for the Arts ($1.1m) and Austin City Art Fund ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 4.1% of the total. Compensation of current officers, directors and key employees was $75k (6.1% of expenses). Other salaries and wages came to $566k. At year end it held assets of $841k against liabilities of $25k, net assets of $816k. It reported 48 employees.