Harmonium Inc

Analysis

Harmonium Inc is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in November 1975, 51 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Harmonium Inc reported income of $11.8m and spending of $12.1m, spending 102% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $6.8m to $11.8m (+75%), an average of +21% a year. The sharpest change came in the year to June 2022, when income rose by 38%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Harmonium Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Hca Hope Fund ($11.8m), United States Catholic Conference ($11.8m) and Renewal Unlimited Inc ($11.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.0% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $496k (4.1% of expenses). Other salaries and wages came to $7.3m. At year end it held assets of $3.6m against liabilities of $1.7m, net assets of $1.9m. It reported 292 employees.