Harmony Development Center Inc 01012001

Analysis

Harmony Development Center Inc 01012001 is a registered charity in United States, based in Tamarac, FL. It received its IRS tax-exemption ruling in June 2002, 24 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 September 2023, Harmony Development Center Inc 01012001 reported income of $3.0m and spending of $2.6m, spending 84% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.5m to $3.0m (+96%), an average of +18% a year. The sharpest change came in the year to September 2023, when income rose by 45%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Harmony Development Center Inc 01012001 sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Senior Resources of Guilford ($3.0m), A Act of Love Alternative Options & Services for Todays Children ($3.0m) and L C Industries Foundation ($3.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $162k (6.3% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $1.5m against liabilities of $277k, net assets of $1.3m. It reported 59 employees.