Quick charity verification for Harmon Foundation (EIN: 133102892)
Verdict: Harmon Foundation shows mixed signals
60/100Mission Score
$639Revenue
$43KAssets
3Red Flags
2Strengths
Red Flags
Consistent negative net income in recent years (e.g., 2024: -$488, 2023: -$1,232, 2022: -$18,903), indicating reliance on past assets.
Significant decline in assets from a peak of $67,011 in 2020 to $42,734 currently.
Lack of detailed expense breakdown in the provided data makes it difficult to assess program efficiency.
Strengths
Consistently reports 0% officer compensation, indicating efficient use of funds for leadership.
Very low liabilities ($1-$3 across all filings), suggesting minimal debt burden.
Spending Breakdown
How Harmon Foundation allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Harmon Foundation
Is Harmon Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Harmon Foundation (EIN: 133102892) shows mixed signals. Mission Score: 60/100. 3 red flags identified, 2 strengths noted.
Is Harmon Foundation a good charity to donate to?
Harmon Foundation has a Mission Score of 60/100. Revenue: $639. Assets: $43K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Harmon Foundation?
The Employer Identification Number (EIN) for Harmon Foundation is 133102892. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Harmon Foundation spend its money?
Harmon Foundation allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Harmon Foundation's tax-exempt status?
You can verify Harmon Foundation's tax-exempt status using EIN 133102892 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Harmon Foundation appears to be a very small organization with limited financial activity in recent years. Its latest reported revenue is only $639, and its assets stand at $42,734. A review of its IRS 990 filings shows a pattern of very low revenue and expenses in most years, with a few exceptions. For instance, in 2020 and 2019, the organization reported significantly higher revenues of $125,447 and $151,025 respectively, alongside substantial expenses. However, in the most recent periods (2022-2024), expenses have consistently exceeded revenue, leading to a decline in assets from a high of $67,011 in 2020 to $42,734 currently. The organization consistently reports 0% officer compensation, which is a positive indicator for a small entity. Given the minimal financial activity and the lack of detailed expense breakdowns in the provided data, it's challenging to fully assess spending efficiency or program focus. The consistent reporting of liabilities at $1 or $3 suggests minimal debt, which is favorable.