Harmonie Preservation Foundation Inc

Analysis

Harmonie Preservation Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2012, 14 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 (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, Harmonie Preservation Foundation Inc reported income of $82k and spending of $50k, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $954k to $82k (-91%), an average of -46% a year. The sharpest change came in the year to December 2020, when income dropped by 81%. Over the whole period it spent 78% 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 Preservation Foundation Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 32nd percentile within NY. Charities of a similar size with the same main cause include Eq Austin ($82k), Cortland Downtown Partnership Inc ($82k) and Pier Into the Future ($82k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $274k against liabilities of $220k, net assets of $53k.