Harmony School

Analysis

Harmony School is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in March 1994, 32 years ago. 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 December 2023, Harmony School reported income of $433k and spending of $600k, spending 139% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $543k to $433k (-20%), an average of -4.4% a year. The sharpest change came in the year to December 2022, when income rose by 33%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Harmony School 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 68th percentile, and in the 73rd percentile within SC. Charities of a similar size with the same main cause include National Church Residences of ($433k), Newburgh Jewish Community Center Inc ($433k) and Niagara Falls Neighborhood Housing Services Inc ($433k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 85% of the total. Other salaries and wages came to $359k. At year end it held assets of $620k against liabilities of $96k, net assets of $524k. It reported 26 employees.