Harmony Home Associated

Analysis

Harmony Home Associated is a registered charity in United States, based in Walnut Creek, CA. It received its IRS tax-exemption ruling in January 2001, 25 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, Harmony Home Associated reported income of $2.8m and spending of $2.7m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $2.9m to $2.8m (-1.2%), an average of -0.3% a year. The sharpest change came in the year to September 2023, when income dropped by 22%. Over the whole period it spent 83% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Harmony Home Associated sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Eagle Rock Senior Citizens Housing Assoc ($2.8m), Santa Fe Community Housing TR ($2.8m) and First Congregational Memorial Tower ($2.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.1% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $126k (4.6% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $6.8m against liabilities of $1.4m, net assets of $5.4m. It reported 62 employees.