Georgetown Harmony Homes

Analysis

Georgetown Harmony Homes is a registered charity in United States, based in Jenison, MI. It received its IRS tax-exemption ruling in January 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Georgetown Harmony Homes reported income of $1.2m and spending of $1.1m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $1.2m (-2.8%), an average of -0.7% a year. The sharpest change came in the year to December 2020, when income dropped by 31%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Georgetown Harmony Homes sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within MI. Charities of a similar size with the same main cause include Early Horizons Child Development Center Inc ($1.2m), Dpas Assist the Officer Foundation ($1.2m) and Community Joint Venture Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $70k (6.4% of expenses). Other salaries and wages came to $557k. At year end it held assets of $3.5m against liabilities of $59k, net assets of $3.5m. It reported 44 employees.