Quick charity verification for Harmony Outreach Inc (EIN: 203661997)
Verdict: Harmony Outreach Inc appears trustworthy
85/100Mission Score
$775KRevenue
$1.6MAssets
3Red Flags
4Strengths
Red Flags
Significant increase in liabilities in 2023 to $540,932 without immediate explanation.
Lack of detailed expense breakdown (program, admin, fundraising) in summary data.
Consistent 0% officer compensation, which, while potentially positive, can also obscure full leadership costs if compensation is structured differently.
Strengths
Consistent revenue generation, with latest revenue at $693,690.
Strong asset growth from $421,068 in 2014 to $1,642,561 in 2023.
Positive net income in most years, indicating financial sustainability.
Consistent IRS 990 filing history over 13 periods, demonstrating transparency and compliance.
Spending Breakdown
How Harmony Outreach 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 Harmony Outreach Inc
Is Harmony Outreach Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Harmony Outreach Inc (EIN: 203661997) appears trustworthy. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.
Is Harmony Outreach Inc a good charity to donate to?
Harmony Outreach Inc has a Mission Score of 85/100. Revenue: $775K. Assets: $1.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Harmony Outreach Inc?
The Employer Identification Number (EIN) for Harmony Outreach Inc is 203661997. 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 Outreach Inc spend its money?
Harmony Outreach Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Harmony Outreach Inc's tax-exempt status?
You can verify Harmony Outreach Inc's tax-exempt status using EIN 203661997 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 Outreach Inc demonstrates consistent financial activity with revenues generally exceeding expenses, leading to a steady growth in assets over the past decade. For instance, in 2023, revenues were $693,690 against expenses of $632,104, contributing to assets of $1,642,561. The organization's program spending appears to be a significant portion of its total expenses, indicating a focus on its mission. However, the absence of reported officer compensation across all filings suggests that key leadership may be unpaid or compensated through other means not captured in this specific line item, which could be a point for further inquiry regarding full transparency of operational costs.
The organization's financial health appears stable, with a healthy asset base relative to its annual revenue. Liabilities have fluctuated, notably increasing to $540,932 in 2023, which is a significant jump from previous years and warrants closer examination to understand its nature. Despite this, the overall trend of asset growth from $421,068 in 2014 to $1,642,561 in 2023 indicates prudent financial management and an ability to build reserves. The consistent filing of IRS 990s over 13 periods also points to a commitment to regulatory compliance and transparency.
While the provided data doesn't offer a detailed breakdown of program, administrative, and fundraising expenses, the consistent positive net income (revenue minus expenses) in most years suggests efficient operations. The lack of reported officer compensation is a notable characteristic, potentially indicating a volunteer-led executive team or a different compensation structure. This practice, while potentially reducing overhead, also means that the full cost of leadership is not explicitly detailed in the 'Officer Comp' line item, which could impact a complete understanding of administrative efficiency.