Historic Harmony Inc

Analysis

Historic Harmony Inc is a registered charity in United States, based in Harmony, PA. It received its IRS tax-exemption ruling in November 1970, 56 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, Historic Harmony Inc reported income of $1.4m and spending of $176k, leaving 87% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $171k to $1.4m (+713%), an average of +69% a year. The sharpest change came in the year to December 2023, when income rose by 1079%. Over the whole period it spent 33% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Historic Harmony Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within PA. Charities of a similar size with the same main cause include Mt Mourne Volunteer Fire Department ($1.4m), Camp Fire ($1.4m) and Community Alliance Foundation ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 3.0% of the total. Other salaries and wages came to $52k. At year end it held assets of $2.0m against liabilities of $3,315, net assets of $2.0m. It reported 6 employees.