The Harmon Museum

Analysis

The Harmon Museum is a registered charity in United States, based in Lebanon, OH. It received its IRS tax-exemption ruling in November 2022, 4 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, The Harmon Museum reported income of $300k and spending of $425k, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $383k to $300k (-22%), an average of -6.0% a year. The sharpest change came in the year to December 2022, when income dropped by 22%. Over the whole period it spent 118% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Harmon Museum sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within OH. Charities of a similar size with the same main cause include Rocky Mountain Honor Flight ($300k), International Womens Air and Space Museum Inc ($300k) and Berkeley Community Chorus & Orchestra ($300k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $43k (10% of expenses). Other salaries and wages came to $72k. At year end it held assets of $2.6m against liabilities of $380k, net assets of $2.2m. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.