Harmony DC Public Charter Schools

Analysis

Harmony DC Public Charter Schools is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Harmony DC Public Charter Schools reported income of $5.5m and spending of $4.7m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.8m to $5.5m (+92%), an average of +18% a year. The sharpest change came in the year to June 2022, when income rose by 33%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Harmony DC Public Charter Schools sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 81st percentile within DC. Charities of a similar size with the same main cause include University of St Andrews American Foundation Inc ($5.5m), Tupelo Christian Preparatory School Inc ($5.5m) and Liberty Charter School Inc ($5.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $279k (5.9% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $4.2m against liabilities of $1.5m, net assets of $2.7m. It reported 49 employees.