New Harmony High Institute

Analysis

New Harmony High Institute is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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, New Harmony High Institute reported income of $5.8m and spending of $4.9m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $5.8m (+275%), an average of +39% a year. The sharpest change came in the year to June 2020, when income rose by 106%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Harmony High Institute sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within LA. Charities of a similar size with the same main cause include Emmanuel Christian School ($5.8m), Pim Arts High School ($5.8m) and Playing Field Inc ($5.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $111k (2.3% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $4.0m against liabilities of $1.3m, net assets of $2.7m. It reported 71 employees.