Harmony House Inc

Analysis

Harmony House Inc is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in April 2015, 11 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 House Inc reported income of $665k and spending of $643k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $95k to $665k (+598%), an average of +62% a year. The sharpest change came in the year to December 2020, when income rose by 128%. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Harmony House Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within OH. Charities of a similar size with the same main cause include Isaiah 58 New Hampshire ($665k), Acadia Housing Inc ($665k) and Olympic RHF Housing Inc ($665k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $111k (17% of expenses). Other salaries and wages came to $161k. At year end it held assets of $239k against liabilities of $0, net assets of $239k. It reported 9 employees.