Harmony Project Phoenix

Analysis

Harmony Project Phoenix is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in April 2021, 5 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 June 2023, Harmony Project Phoenix reported income of $320k and spending of $273k, spending 85% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $251k to $320k (+28%), an average of +28% a year. The sharpest change came in the year to June 2023, when income rose by 28%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Harmony Project Phoenix sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within AZ. Charities of a similar size with the same main cause include Pennsylvania Guild of Craftsman ($320k), Society of Plastics Engineers ($320k) and Alabama Veterans Museum & Archives ($320k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $90k (33% of expenses). Other salaries and wages came to $99k. At year end it held assets of $113k against liabilities of $9,399, net assets of $103k. It reported 37 employees.