Harmony Christian Academy

Analysis

Harmony Christian Academy is a registered charity in United States, based in N Plainfield, NJ. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Harmony Christian Academy reported income of $457k and spending of $510k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $268k to $457k (+71%), an average of +71% a year. The sharpest change came in the year to December 2023, when income rose by 71%. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Harmony Christian Academy sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 74th percentile within NJ. Charities of a similar size with the same main cause include Wando High School Band Boosters ($457k), Star Christian School ($457k) and Baruch College Early Learning Center ($457k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.8% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $135k (26% of expenses). Other salaries and wages came to $147k. At year end it held assets of $2,430 against liabilities of $63k, net assets of -$60k. It reported 10 employees.