Family Harmony Inc

Analysis

Family Harmony Inc is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in August 2011, 15 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 December 2023, Family Harmony Inc reported income of $72k and spending of $64k, spending 89% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $56k to $72k (+29%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 21%. 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, Family Harmony Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 28th percentile within MI. Charities of a similar size with the same main cause include Silverton Creative District ($72k), Stonewall Jackson Heritage Arts and Crafts Inc ($72k) and Vallalar Tamil School Inc ($72k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 99% of the total. At year end it held assets of $8,332 against liabilities of $0, net assets of $8,332.