Is Harmony Day Support Inc Legit?

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.