Harmony Project Tulsa Inc

Analysis

Harmony Project Tulsa Inc is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in March 2016, 10 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 June 2022, Harmony Project Tulsa Inc reported income of $266k and spending of $328k, spending 123% of what it took in. Across the 2 years on record, from June 2021 to June 2022, income fell from $456k to $266k (-42%), an average of -42% a year. The sharpest change came in the year to June 2022, when income dropped by 42%. Over the whole period it spent 69% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Harmony Project Tulsa Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within OK. Charities of a similar size with the same main cause include Holy Family Farm Inc ($266k), Kidtek NFP ($267k) and Cranberry Township Athletic Association Inc ($266k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $108k (33% of expenses). Other salaries and wages came to $175. At year end it held assets of $226k against liabilities of $0, net assets of $226k. It reported 3 employees.