Harmon Recovery Foundation

Analysis

Harmon Recovery Foundation is a registered charity in United States, based in LA Quinta, CA. It received its IRS tax-exemption ruling in February 2023, 3 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, Harmon Recovery Foundation reported income of $219k and spending of $394k, spending 180% of what it took in. Across the 3 years on record, from June 2019 to June 2023, income fell from $236k to $219k (-7.3%), an average of -3.7% a year. The sharpest change came in the year to June 2020, when income rose by 61%. Over the whole period it spent 120% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Harmon Recovery Foundation 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 56th percentile, and in the 58th percentile within CA. Charities of a similar size with the same main cause include North American Artist Foundation ($219k), Friends of Treme Culture ($219k) and Joseph Avenue Arts and Culture Alliance Inc ($219k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% of the total. At year end it held assets of $353k against liabilities of $1,764, net assets of $351k.