Harmony Farms Incorporated

Analysis

Harmony Farms Incorporated is a registered charity in United States, based in Cocoa, FL. It received its IRS tax-exemption ruling in July 1992, 34 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 2022, Harmony Farms Incorporated reported income of $214k and spending of $179k, spending 84% of its income. Across the 3 years on record, from June 2020 to June 2022, income grew from $133k to $214k (+61%), an average of +27% a year. The sharpest change came in the year to June 2021, when income rose by 104%. Over the whole period it spent 84% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Harmony Farms Incorporated sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 59th percentile within FL. Charities of a similar size with the same main cause include Alaska Native Medical Center Auxiliary Inc ($214k), Epilepsy Foundation of Virginia ($214k) and Pink Out Inc ($214k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 55% and program service revenue 44% of the total. Other salaries and wages came to $22k. At year end it held assets of $1.0m against liabilities of $935k, net assets of $92k. It reported 8 employees.