Harmony Works

Analysis

Harmony Works is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in December 2022, 4 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 Works reported income of $57k and spending of $56k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $14k to $57k (+322%), an average of +322% a year. The sharpest change came in the year to December 2023, when income rose by 322%. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Harmony Works sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 25th percentile within MD. Charities of a similar size with the same main cause include Retrouvaille Rediscovery of Louisiana Inc ($57k), Timothy Syndrome Alliance Inc ($58k) and New England Masters Study Club ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $2,095 against liabilities of $5,752, net assets of -$3,657.