Harmony Project Productions Inc

Analysis

Harmony Project Productions Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in March 2010, 16 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 December 2023, Harmony Project Productions Inc reported income of $2.0m and spending of $2.0m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $2.0m (+4.6%), an average of +1.1% a year. The sharpest change came in the year to December 2020, when income dropped by 45%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Harmony Project Productions Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within OH. Charities of a similar size with the same main cause include Saurashtra Patel Cultural Samaj ($2.0m), Shift Design Inc ($2.0m) and Japanese Friendship Garden of Phoenix Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 3.5% of the total. Compensation of current officers, directors and key employees was $200k (9.9% of expenses). Other salaries and wages came to $548k. At year end it held assets of $645k against liabilities of $19k, net assets of $626k. It reported 10 employees.