Harmony Foundation International in C

Analysis

Harmony Foundation International in C is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in January 1964, 62 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Harmony Foundation International in C reported income of $1.9m and spending of $3.3m, spending 175% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $2.6m to $1.9m (-26%), an average of -7.3% a year. The sharpest change came in the year to September 2022, when income rose by 74%. Over the whole period it spent 92% 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 Foundation International in C sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within TN. Charities of a similar size with the same main cause include Dairy Center for the Arts ($1.9m), Rancho Los Cerritos Foundation ($1.9m) and Grabhorn Institute ($1.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 79% of the total. Compensation of current officers, directors and key employees was $270k (8.2% of expenses). Other salaries and wages came to $421k. At year end it held assets of $7.2m against liabilities of $1.7m, net assets of $5.5m. It reported 14 employees.