Harmony Public Schools

Analysis

Harmony Public Schools is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in May 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Harmony Public Schools reported income of $548.9m and spending of $522.1m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $366.5m to $548.9m (+50%), an average of +11% a year. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Harmony Public Schools sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within TX. Charities of a similar size with the same main cause include Duquesne University of the Holy Spirit ($543.3m), University of California Berkeley Foundation ($551.2m) and Quinnipiac University ($541.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $2.8m (0.5% of expenses). Other salaries and wages came to $309.5m. At year end it held assets of $1.01bn against liabilities of $844.5m, net assets of $170.3m. It reported 6,256 employees.