Quick charity verification for Harmony Day Support Inc (EIN: 205200952)
Verdict: Harmony Day Support Inc appears trustworthy
85/100Mission Score
$2.7MRevenue
$1.4MAssets
1Red Flags
4Strengths
Red Flags
0% officer compensation reported for an organization with over $2 million in revenue, which is highly unusual and may indicate compensation is reported elsewhere or a fully volunteer executive team, warranting further inquiry for clarity on leadership compensation structure.
Strengths
Consistent and significant revenue growth, from $425,139 in 2011 to $2,311,532 in 2023, demonstrating expanding impact and support.
Strong asset accumulation, with assets growing from $75,114 to $1,159,238, indicating robust financial health and capacity.
Low liabilities relative to assets, suggesting sound financial management and stability.
No reported officer compensation, which, if accurate, indicates a high dedication of funds directly to mission-related activities.
Spending Breakdown
How Harmony Day Support Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Harmony Day Support Inc
Is Harmony Day Support Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Harmony Day Support Inc (EIN: 205200952) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Harmony Day Support Inc a good charity to donate to?
Harmony Day Support Inc has a Mission Score of 85/100. Revenue: $2.7M. Assets: $1.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Harmony Day Support Inc?
The Employer Identification Number (EIN) for Harmony Day Support Inc is 205200952. 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 Harmony Day Support Inc spend its money?
Harmony Day Support Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Harmony Day Support Inc's tax-exempt status?
You can verify Harmony Day Support Inc's tax-exempt status using EIN 205200952 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
Harmony Day Support Inc. demonstrates strong financial health and growth over the past decade. Revenue has consistently increased, from $425,139 in 2011 to $2,311,532 in 2023, indicating expanding operations and support for its mission. The organization has also maintained a healthy asset base, growing from $75,114 to $1,159,238 over the same period, suggesting good financial management and capacity. Liabilities remain low relative to assets, indicating a stable financial position.
The organization appears to be highly efficient in its spending, with expenses consistently below revenue in most recent years, allowing for asset accumulation. For instance, in 2023, expenses were $2,019,109 against revenues of $2,311,532. The consistent reporting of 0% officer compensation across all available filings suggests a commitment to directing funds towards programs rather than executive salaries, which is a positive indicator for spending efficiency and donor trust. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise efficiency ratio cannot be calculated.
Transparency is generally good given the consistent filing of IRS Form 990s. The absence of reported officer compensation is a significant positive for transparency and public trust. To further enhance transparency, providing a more granular breakdown of functional expenses (program, administrative, fundraising) would allow for a more precise assessment of spending efficiency and how funds are allocated across different operational areas.