Inspired Harmony Inc

Analysis

Inspired Harmony Inc is a registered charity in United States, based in Hamden, CT. It received its IRS tax-exemption ruling in August 2018, 8 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Inspired Harmony Inc reported income of $66k and spending of $81k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $221k to $66k (-70%), an average of -26% a year. The sharpest change came in the year to December 2022, when income rose by 129%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Inspired Harmony Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 24th percentile within CT. Charities of a similar size with the same main cause include Mu Films ($66k), Nelson Museum of the West ($66k) and Middletown Historical Society of Middletown Delaware ($66k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $520k against liabilities of $268k, net assets of $252k.