The Harmony Project

Analysis

The Harmony Project is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in December 2001, 25 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 June 2023, The Harmony Project reported income of $6.8m and spending of $5.8m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.3m to $6.8m (+58%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 93%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Harmony Project sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Franklin Discovery Academy - Vineyard ($6.8m), Long Valley Charter School ($6.8m) and Learn DC Public Charter School ($6.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $177k (3.1% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $5.3m against liabilities of $2.0m, net assets of $3.3m. It reported 51 employees.