Harmony House Inc

Analysis

Harmony House Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in July 1993, 33 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2022, Harmony House Inc reported income of $6.9m and spending of $5.9m, spending 85% of its income. Across the 4 years on record, from September 2019 to September 2022, income grew from $4.0m to $6.9m (+73%), an average of +20% a year. The sharpest change came in the year to September 2022, when income rose by 53%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Harmony House Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Waldorf School of Orange County ($6.9m), Young Mens Christian Association of Southern Maine ($6.9m) and Lansing Christian School ($6.9m).

On its Form 990 for the period ending September 2022, revenue came from contributions and grants 83% and program service revenue 4.0% of the total. Compensation of current officers, directors and key employees was $293k (5.0% of expenses). Other salaries and wages came to $1.5m. It paid $23k in professional fundraising fees. At year end it held assets of $9.9m against liabilities of $7.4m, net assets of $2.5m. It reported 57 employees.