Harmony Community Healthcare Inc

Analysis

Harmony Community Healthcare Inc is a registered charity in United States, based in Harmony, MN. It received its IRS tax-exemption ruling in November 1979, 47 years ago. 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 September 2023, Harmony Community Healthcare Inc reported income of $3.3m and spending of $3.2m, spending 99% of its income. Across the 5 years on record, from December 2019 to September 2023, income fell from $3.8m to $3.3m (-14%), an average of -3.8% a year. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Harmony Community Healthcare Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MN. Charities of a similar size with the same main cause include New York Urban League Inc ($3.3m), Hope Ignites Northeastern Ohio ($3.3m) and John Jermain Memorial Library ($3.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.1% and program service revenue 99% of the total. Other salaries and wages came to $2.0m. At year end it held assets of $2.1m against liabilities of $979k, net assets of $1.1m.