Families Anchored In Total Harmony Inc
EIN: 261818399 · Gary, IN · NTEE: P28
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $794K |
| Net Assets | $402K |
Is Families Anchored In Total Harmony Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Families Anchored In Total Harmony Inc
Families Anchored In Total Harmony Inc (EIN: 261818399) is a nonprofit organization based in Gary, IN, classified under NTEE code P28. The organization reported total revenue of $1.8M and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Families Anchored In Total Harmony Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Families Anchored In Total Harmony Inc is a mid-size nonprofit that has been operating for 16 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 605.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $794K |
| Surplus / Deficit | +$371K |
| Total Assets | $1.5M |
| Total Liabilities | $1.1M |
| Net Assets | $402K |
| Operating Margin | 31.9% |
| Debt-to-Asset Ratio | 73.4% |
| Months of Reserves | 22.8 months |
Financial Health Grade: A
In 2023, Families Anchored In Total Harmony Inc reported a surplus of $371K with revenue exceeding expenses, holds 22.8 months of operating reserves (strong position), has a debt-to-asset ratio of 73.4% (high leverage).
Financial Trends
Over 2 years of filings (2022–2023), Families Anchored In Total Harmony Inc's revenue has grown at a compound annual growth rate (CAGR) of 605.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +605.7% | +306.7% | +133.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Families Anchored In Total Harmony Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Families Anchored In Total Harmony Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $371K, with revenue exceeding expenses.
- Debt-to-asset ratio: 73.4%.
Frequently Asked Questions about Families Anchored In Total Harmony Inc
Is Families Anchored In Total Harmony Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Families Anchored In Total Harmony Inc (EIN: 261818399) insufficient data. 0 red flags identified, 0 strengths noted.
How does Families Anchored In Total Harmony Inc spend its money?
Detailed spending breakdown data is not yet available for Families Anchored In Total Harmony Inc. Check back for updated IRS 990 analysis.
Are donations to Families Anchored In Total Harmony Inc tax-deductible?
Families Anchored In Total Harmony Inc is registered as a tax-exempt nonprofit (EIN: 261818399). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Families Anchored In Total Harmony Inc located?
Families Anchored In Total Harmony Inc is headquartered in Gary, Indiana and files with the IRS under EIN 261818399. It is classified under NTEE code P28.
How many years of IRS 990 filings does Families Anchored In Total Harmony Inc have?
Families Anchored In Total Harmony Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $1.8M in total revenue.
Filing History
IRS 990 filing history for Families Anchored In Total Harmony Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Families Anchored In Total Harmony Inc's revenue has grown by 605.7%, moving from $165K to $1.2M. Total assets increased by 133.3% over the same period, from $647K to $1.5M. Total functional expenses rose by 306.7%, from $195K to $794K. In its most recent filing year (2023), Families Anchored In Total Harmony Inc reported a surplus of $371K, with revenue exceeding expenses. The organization holds $1.1M in liabilities against $1.5M in assets (debt-to-asset ratio: 73.4%), resulting in net assets of $402K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $794K | $1.5M | $1.1M | — | — |
| 2022 | $165K | $195K | $647K | $610K | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Families Anchored In Total Harmony Inc:
Data Sources and Methodology
This transparency report for Families Anchored In Total Harmony Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.