Harmony School of Creative Arts

Analysis

Harmony School of Creative Arts is a registered charity in United States, based in Marble Falls, TX. It received its IRS tax-exemption ruling in October 2002, 24 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 July 2023, Harmony School of Creative Arts reported income of $270k and spending of $266k, spending 99% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $264k to $270k (+2.0%), an average of +0.5% a year. Over the whole period it spent 91% 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 School of Creative Arts sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 64th percentile within TX. Charities of a similar size with the same main cause include Film Las Cruces ($270k), Colony Theatre Company ($270k) and The Little Exchange Inc ($270k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 33% and program service revenue 67% of the total. Other salaries and wages came to $67k. At year end it held assets of $515k against liabilities of $112k, net assets of $404k. It reported 9 employees.