Harmony House Inc

Analysis

Harmony House Inc is a registered charity in United States, based in Chicopee, MA. It received its IRS tax-exemption ruling in May 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Harmony House Inc reported income of $419k and spending of $20k, leaving 95% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $140k to $419k (+199%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 781%. Over the whole period it spent 20% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Harmony House Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within MA. Charities of a similar size with the same main cause include Sunshine Haven Inc ($419k), Hope That Binds Inc ($419k) and Caring for Children Foundation of Texas Inc ($419k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $891k against liabilities of $357, net assets of $891k.