Harmonie Associates

Analysis

Harmonie Associates is a registered charity in United States, based in Ambridge, PA. It received its IRS tax-exemption ruling in February 1964, 62 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 publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Harmonie Associates reported income of $142k and spending of $174k, spending 122% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $133k to $142k (+6.4%), an average of +2.1% a year. The sharpest change came in the year to June 2022, when income rose by 101%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Harmonie Associates sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 43rd percentile within PA. Charities of a similar size with the same main cause include Columbus Ballet Inc ($142k), Robinson Jeffers Tor House Foundation ($142k) and Hudson Festival Orchestra Inc ($142k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 47% of the total. Other salaries and wages came to $94k. At year end it held assets of $91k against liabilities of $9,513, net assets of $82k. It reported 5 employees.