Harmony Villa Inc

Analysis

Harmony Villa Inc is a registered charity in United States, based in N Hollywood, CA. It received its IRS tax-exemption ruling in April 1991, 35 years ago. Its declared purposes cover community improvement and capacity building, 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 2023, Harmony Villa Inc reported income of $188k and spending of $647k, spending 345% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $181k to $188k (+3.5%), an average of +0.9% a year. Over the whole period it spent 187% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Harmony Villa Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 55th percentile within CA. Charities of a similar size with the same main cause include Bcda Inc ($187k), Brunswick Sheriffs Charitable Foundation Inc ($188k) and Opportunity Center Inc ($187k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $34k. At year end it held assets of $1.0m against liabilities of $3.7m, net assets of -$2.7m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.