New Harmony Project Inc

Analysis

New Harmony Project Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in July 1988, 38 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 June 2023, New Harmony Project Inc reported income of $434k and spending of $493k, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $292k to $434k (+49%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 31%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New Harmony Project Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within IN. Charities of a similar size with the same main cause include Center for Cuban Studies Inc ($434k), New England Carousel Museum Inc ($435k) and Jubilee Players Inc ($434k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $102k (21% of expenses). Other salaries and wages came to $56k. At year end it held assets of $241k against liabilities of $22k, net assets of $218k. It reported 5 employees.