Harmony Christian Community

Analysis

Harmony Christian Community is a registered charity in United States, based in Swansea, SC. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Harmony Christian Community reported income of $58k and spending of $40k, leaving 31% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $94k to $58k (-38%), an average of -15% a year. The sharpest change came in the year to December 2023, when income rose by 166%. Over the whole period it spent 36% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Harmony Christian Community sits at the 13th percentile: it is larger than about 13% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 29th percentile within SC. Charities of a similar size with the same main cause include Wellspring Bridge Apartments Inc ($58k), St James the Less Conference Society of St Vincent de Paul ($58k) and Atlantic County Homes Inc ($58k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $22k (54% of expenses). At year end it held assets of $150k against liabilities of $0, net assets of $150k. It reported 1 employees.