Harmony Family Center Inc

Analysis

Harmony Family Center Inc is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in June 2001, 25 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, Harmony Family Center Inc reported income of $7.4m and spending of $7.5m, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $6.9m to $7.4m (+7.1%), an average of +2.3% a year. The sharpest change came in the year to June 2023, when income rose by 20%. 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, Harmony Family Center Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within TN. Charities of a similar size with the same main cause include Blue Island Citizens for Persons with Developmental Disabilities ($7.4m), Community & Family Services Inc ($7.4m) and Incharge Education Foundation Inc ($7.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.8m against liabilities of $2.0m, net assets of $827k. It reported 126 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.