Quick charity verification for Harmony Inc (EIN: 20514201)
Verdict: Harmony Inc shows mixed signals
50/100Mission Score
$0Revenue
$0Assets
3Red Flags
2Strengths
Red Flags
Significant discrepancy between 2014 assets ($17,080) and latest reported assets ($0)
Latest reported revenue and assets are $0, suggesting potential inactivity or data issues
Only one IRS 990 filing available (2014), limiting current financial assessment
Strengths
No officer compensation reported in 2014 filing, indicating efficient use of funds for leadership at that time
Expenses were slightly less than revenue in 2014, showing fiscal responsibility for that period
Spending Breakdown
How Harmony Inc allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
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 Harmony Inc
Is Harmony Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Harmony Inc (EIN: 20514201) shows mixed signals. Mission Score: 50/100. 3 red flags identified, 2 strengths noted.
Is Harmony Inc a good charity to donate to?
Harmony Inc has a Mission Score of 50/100. Revenue: $0. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Harmony Inc?
The Employer Identification Number (EIN) for Harmony Inc is 20514201. 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 Inc spend its money?
Harmony Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Harmony Inc's tax-exempt status?
You can verify Harmony Inc's tax-exempt status using EIN 20514201 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 Inc. appears to be a very small, nascent organization based on its single available IRS 990 filing from 2014. With total revenue of $16,682 and expenses of $16,021, its financial activity is minimal. The organization reported $0 in assets and liabilities in its latest filing, which contradicts the 2014 filing showing $17,080 in assets. This discrepancy, along with the reported $0 revenue and assets in the latest data provided, suggests either a significant change in activity, a data reporting issue, or that the organization may no longer be actively operating at a significant scale. Without more recent or detailed filings, a comprehensive assessment of its current financial health and spending efficiency is challenging. The lack of officer compensation in 2014 indicates that, at least at that time, executive pay was not a drain on resources.