Harmony Day Support Inc
Harmony Day Support Inc. shows consistent revenue growth and strong asset accumulation with no reported officer compensation.
EIN: 205200952 · Forest, VA · NTEE: P82 · Updated: 2026-03-28
Is Harmony Day Support Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Harmony Day Support Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Harmony Day Support Inc
Harmony Day Support Inc (EIN: 205200952) is a nonprofit organization based in Forest, VA, classified under NTEE code P82. The organization reported total revenue of $2.7M and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harmony Day Support Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Harmony Day Support Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Harmony Day Support Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly unusual for an organization of its size with over $2 million in revenue, suggesting either a fully volunteer-led executive team or compensation is reported under other expense categories, which would warrant further investigation for clarity.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Harmony Day Support Inc's IRS 990 filings:
- 0% officer compensation reported for an organization with over $2 million in revenue, which is highly unusual and may indicate compensation is reported elsewhere or a fully volunteer executive team, warranting further inquiry for clarity on leadership compensation structure.
Strengths
The following positive indicators were identified for Harmony Day Support Inc:
- Consistent and significant revenue growth, from $425,139 in 2011 to $2,311,532 in 2023, demonstrating expanding impact and support.
- Strong asset accumulation, with assets growing from $75,114 to $1,159,238, indicating robust financial health and capacity.
- Low liabilities relative to assets, suggesting sound financial management and stability.
- No reported officer compensation, which, if accurate, indicates a high dedication of funds directly to mission-related activities.
Frequently Asked Questions about Harmony Day Support Inc
Is Harmony Day Support Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Harmony Day Support Inc (EIN: 205200952) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Harmony Day Support Inc spend its money?
Harmony Day Support Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Harmony Day Support Inc tax-deductible?
Harmony Day Support Inc is registered as a tax-exempt nonprofit (EIN: 205200952). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Harmony Day Support Inc. a good charity?
Based on its consistent revenue growth, strong asset accumulation, and zero reported officer compensation, Harmony Day Support Inc. appears to be a financially healthy and efficient organization. Its ability to grow its operations and assets while keeping liabilities low suggests good stewardship of funds.
How has Harmony Day Support Inc.'s financial health changed over time?
Harmony Day Support Inc. has experienced significant financial growth, with revenue increasing from $425,139 in 2011 to $2,311,532 in 2023, and assets growing from $75,114 to $1,159,238 in the same period. This indicates a strong upward trajectory in its financial health and capacity.
What is the organization's approach to executive compensation?
The organization consistently reports 0% for officer compensation in all available IRS 990 filings. This suggests that executive leadership may be entirely volunteer-based or compensated through other means not categorized as officer compensation, which is a notable characteristic for an organization of its scale.
Does Harmony Day Support Inc. manage its assets and liabilities effectively?
Yes, the organization appears to manage its assets and liabilities effectively. Assets have grown substantially to $1,159,238 in 2023, while liabilities remain relatively low at $46,749, indicating a strong balance sheet and responsible financial management.
Filing History
IRS 990 filing history for Harmony Day Support Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Harmony Day Support Inc's revenue has grown by 443.7%, moving from $425K to $2.3M. Total assets increased by 1443.3% over the same period, from $75K to $1.2M. Total functional expenses rose by 507.5%, from $332K to $2.0M. In its most recent filing year (2023), Harmony Day Support Inc reported a surplus of $292K, with revenue exceeding expenses. The organization holds $47K in liabilities against $1.2M in assets (debt-to-asset ratio: 4.0%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2.3M | $2.0M | $1.2M | $47K | — | View 990 |
| 2022 | $1.9M | $1.7M | $821K | $49K | — | View 990 |
| 2018 | $542K | $585K | $193K | $66K | — | View 990 |
| 2017 | $474K | $458K | $178K | $8K | — | View 990 |
| 2016 | $512K | $445K | $164K | $10K | — | View 990 |
| 2015 | $518K | $517K | $95K | $7K | — | View 990 |
| 2014 | $522K | $567K | $93K | $6K | — | View 990 |
| 2013 | $571K | $530K | $144K | $13K | — | View 990 |
| 2012 | $551K | $524K | $108K | $18K | — | View 990 |
| 2011 | $425K | $332K | $75K | $12K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.3M, expenses of $2.0M, and assets of $1.2M (revenue +21.4% year-over-year).
- 2022: Revenue of $1.9M, expenses of $1.7M, and assets of $821K (revenue +251.1% year-over-year).
- 2018: Revenue of $542K, expenses of $585K, and assets of $193K (revenue +14.4% year-over-year).
- 2017: Revenue of $474K, expenses of $458K, and assets of $178K (revenue -7.3% year-over-year).
- 2016: Revenue of $512K, expenses of $445K, and assets of $164K (revenue -1.2% year-over-year).
- 2015: Revenue of $518K, expenses of $517K, and assets of $95K (revenue -0.8% year-over-year).
- 2014: Revenue of $522K, expenses of $567K, and assets of $93K (revenue -8.6% year-over-year).
- 2013: Revenue of $571K, expenses of $530K, and assets of $144K (revenue +3.7% year-over-year).
- 2012: Revenue of $551K, expenses of $524K, and assets of $108K (revenue +29.6% year-over-year).
- 2011: Revenue of $425K, expenses of $332K, and assets of $75K.
Data Sources and Methodology
This transparency report for Harmony Day Support 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.