Harmony Youth Center Inc

Analysis

Harmony Youth Center Inc is a registered charity in United States, based in Duluth, GA. It received its IRS tax-exemption ruling in September 2012, 14 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Harmony Youth Center Inc reported income of $948k and spending of $517k, leaving 45% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $284k to $948k (+234%), an average of +35% a year. The sharpest change came in the year to December 2022, when income rose by 65%. Over the whole period it spent 58% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Harmony Youth Center Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 82nd percentile within GA. Charities of a similar size with the same main cause include Camp Wyandot Inc ($948k), Free Spirit Media NFP ($950k) and Youth Community Service Inc ($948k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. Other salaries and wages came to $169k. At year end it held assets of $1.7m against liabilities of $3,180, net assets of $1.7m. It reported 10 employees.