Harmony Theater

Analysis

Harmony Theater is a registered charity in United States, based in Lower Gwynedd, PA. It received its IRS tax-exemption ruling in July 2013, 13 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 June 2023, Harmony Theater reported income of $60k and spending of $66k, spending 110% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $41k to $60k (+47%), an average of +47% a year. The sharpest change came in the year to June 2023, when income rose by 47%. Over the whole period it spent 113% 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 Theater sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 22nd percentile within PA. Charities of a similar size with the same main cause include Thamizh Schools USA ($60k), Ndstrong ($60k) and Art Supporting Foundation ($60k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 37% of the total. At year end it held assets of $77k against liabilities of $0, net assets of $77k.