Quick charity verification for Harmony House Inc (EIN: 203135260)
Verdict: Harmony House Inc appears trustworthy
85/100Mission Score
$639KRevenue
$1.8MAssets
1Red Flags
4Strengths
Red Flags
Recent minor operating deficits in the last two periods (e.g., $30,583 deficit in 202406).
Strengths
Consistent asset growth over the past decade, from $1,001,898 in 2015 to $1,737,985 in 2024.
No reported officer compensation across all filings, indicating efficient use of funds for mission.
Relatively low liabilities compared to assets, suggesting a healthy balance sheet.
Stable revenue streams, generally covering expenses over the long term.
Spending Breakdown
How Harmony House Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Harmony House Inc
Is Harmony House Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Harmony House Inc (EIN: 203135260) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Harmony House Inc a good charity to donate to?
Harmony House Inc has a Mission Score of 85/100. Revenue: $639K. Assets: $1.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Harmony House Inc?
The Employer Identification Number (EIN) for Harmony House Inc is 203135260. 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 House Inc spend its money?
Harmony House Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Harmony House Inc's tax-exempt status?
You can verify Harmony House Inc's tax-exempt status using EIN 203135260 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 House Inc. demonstrates consistent financial operations, with revenues generally keeping pace with or slightly exceeding expenses over the past decade, leading to a steady growth in assets from $1,001,898 in 2015 to $1,737,985 in 2024. While the organization experienced a slight deficit in the most recent two periods (e.g., $598,405 revenue vs. $628,988 expenses in 2024), this appears to be a minor fluctuation rather than a systemic issue, given the overall trend of asset accumulation. The organization's liabilities remain relatively low compared to its assets, indicating a healthy balance sheet.
The absence of reported officer compensation across all available filings suggests either a volunteer-led executive team or compensation falling below the reporting threshold, which can be a positive indicator for donor confidence regarding resource allocation directly to mission. However, without a detailed breakdown of functional expenses (program, administrative, fundraising), a precise assessment of spending efficiency is challenging. The consistent growth in assets, coupled with relatively stable revenue streams, points to a well-managed organization with a focus on long-term sustainability. Further transparency on functional expenses would enhance the overall financial assessment.