Harmony International Development Inc

Analysis

Harmony International Development Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 2023, 3 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 2022, Harmony International Development Inc reported income of $53k and spending of $53k, spending 100% of its income. Across the 3 years on record, from December 2020 to December 2022, income grew from $51k to $53k (+3.3%), an average of +1.6% a year. The sharpest change came in the year to December 2021, when income rose by 66%. Over the whole period it spent 113% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Harmony International Development Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 22nd percentile within IL. Charities of a similar size with the same main cause include Utah Association of College and Employers ($53k), Mirebalais Avant Tout Inc ($53k) and Knowledge Seekers ($53k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.