Harmony School Corporation

Analysis

Harmony School Corporation is a registered charity in United States, based in Bloomington, IN. It received its IRS tax-exemption ruling in August 1983, 43 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2024, Harmony School Corporation reported income of $1.4m and spending of $1.8m, spending 129% of what it took in. Across the 6 years on record, from August 2019 to August 2024, income fell from $3.7m to $1.4m (-62%), an average of -17% a year. The sharpest change came in the year to August 2022, when income rose by 118%. Over the whole period it spent 63% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Harmony School Corporation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within IN. Charities of a similar size with the same main cause include I B H Foundation Inc ($1.4m), The Mount Airy Volunteer Fire Company ($1.4m) and Starrett Early Learning Center ($1.4m).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 12% and program service revenue 81% of the total. Other salaries and wages came to $982k. At year end it held assets of $10.4m against liabilities of $6,408, net assets of $10.4m. It reported 50 employees.