Is Nashville In Harmony Legit?

Quick charity verification for Nashville In Harmony (EIN: 203063200)

Verdict: Nashville In Harmony appears trustworthy

85/100Mission Score
$171KRevenue
$61KAssets
1Red Flags
4Strengths

Red Flags

Strengths

AI Transparency Report

Nashville In Harmony demonstrates consistent financial activity, with revenues generally fluctuating around the $100,000 to $150,000 range over the past decade. The organization has shown a positive net income in recent years, such as in 202306 where revenue of $122,086 exceeded expenses of $111,901, contributing to a growth in assets from $12,340 in 201706 to $59,610 in 202306. This indicates a stable, albeit modest, financial position. The organization's spending efficiency appears sound, as evidenced by the consistent positive net income in most recent filings. A notable strength is the reported 0% officer compensation across all available filings, suggesting that leadership is either volunteer-based or compensated through other means not classified as officer compensation, which can be a positive indicator for donor confidence. However, without a detailed breakdown of expenses beyond total expenses, it's challenging to precisely assess program spending versus administrative or fundraising costs. In terms of transparency, the consistent filing of IRS Form 990s over a long period (12 filings) is a strong positive. The absence of officer compensation is clearly stated in the filings, enhancing trust. To further improve transparency, a more detailed public breakdown of how expenses are allocated across programs, administration, and fundraising would be beneficial for donors and stakeholders.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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