Quick charity verification for Harmonia Collaborative Care Inc (EIN: 161013562)
Verdict: Harmonia Collaborative Care Inc appears trustworthy
85/100Mission Score
$2.8MRevenue
$1.2MAssets
1Red Flags
4Strengths
Red Flags
Consistent slight operating deficits in recent years (e.g., $283,126 in 202312 and $10,367 in 202212) could indicate a need for closer monitoring of expense management or revenue generation strategies to ensure long-term sustainability.
Strengths
0% officer compensation reported across all filings, indicating strong commitment to mission and efficient use of funds.
Consistent revenue growth over the past decade, demonstrating increasing capacity and reach.
Healthy asset-to-liability ratio, with assets significantly exceeding liabilities ($1,539,548 vs. $414,130 in 202312).
Long history of consistent IRS 990 filings (13 filings), indicating good transparency and compliance.
Spending Breakdown
How Harmonia Collaborative Care Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Harmonia Collaborative Care Inc
Is Harmonia Collaborative Care Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Harmonia Collaborative Care Inc (EIN: 161013562) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Harmonia Collaborative Care Inc a good charity to donate to?
Harmonia Collaborative Care Inc has a Mission Score of 85/100. Revenue: $2.8M. Assets: $1.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Harmonia Collaborative Care Inc?
The Employer Identification Number (EIN) for Harmonia Collaborative Care Inc is 161013562. 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 Harmonia Collaborative Care Inc spend its money?
Harmonia Collaborative Care Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Harmonia Collaborative Care Inc's tax-exempt status?
You can verify Harmonia Collaborative Care Inc's tax-exempt status using EIN 161013562 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
Harmonia Collaborative Care Inc demonstrates consistent financial activity, with revenues and expenses generally tracking closely over the past decade. In the most recent filing (202312), the organization reported revenues of $3,178,875 against expenses of $3,462,001, indicating a deficit for the period. This follows a similar trend in 202212 where expenses slightly exceeded revenue. While the organization has grown significantly in revenue from $860,257 in 2014 to over $3 million in 2023, the consistent near-break-even or slight deficit spending warrants attention to ensure long-term sustainability.
The organization's assets have also shown growth, reaching $1,539,548 in 2023, providing a reasonable financial cushion relative to its liabilities of $414,130. A notable strength is the reported 0% officer compensation across all available filings, which suggests a strong commitment to directing funds towards its mission rather than executive salaries. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging. The consistent reporting of 0% officer compensation across all filings is a significant positive indicator of financial transparency regarding executive pay.