Harmony Community Cares NFP

Analysis

Harmony Community Cares NFP is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 2019, 7 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 June 2023, Harmony Community Cares NFP reported income of $993k and spending of $931k, spending 94% of its income. Across the 3 years on record, from June 2021 to June 2023, income fell from $1.1m to $993k (-13%), an average of -6.5% a year. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Harmony Community Cares NFP sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within IL. Charities of a similar size with the same main cause include Childrens Village Foundation Inc ($993k), Reducetarian Foundation Inc ($993k) and Volunteers of America Inc ($993k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $652k against liabilities of $61k, net assets of $591k. It reported 1 employees.