Harmony Fund Inc

Analysis

Harmony Fund Inc is a registered charity in United States, based in Holden, MA. It received its IRS tax-exemption ruling in March 2010, 16 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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 Fund Inc reported income of $1.1m and spending of $1.2m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $599k to $1.1m (+81%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 82%. Over the whole period it spent 98% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Harmony Fund Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MA. Charities of a similar size with the same main cause include Brevard Spay-Neuter Clinic Inc ($1.1m), Humane Society of Puerto Rico Inc ($1.1m) and Mountain View Humane ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $92k (7.9% of expenses). At year end it held assets of $172k against liabilities of $10k, net assets of $161k. It reported 1 employees.