Harmony House Inc
Harmony House Inc. shows consistent asset growth and stable operations with no reported officer compensation.
EIN: 203135260 · Wheeling, WV · NTEE: P30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $639K |
| Total Expenses | $629K |
| Program Spending | 80% |
| Net Assets | $1.6M |
| Transparency Score | 85/100 |
Is Harmony House Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Harmony House Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Harmony House Inc
Harmony House Inc (EIN: 203135260) is a nonprofit organization based in Wheeling, WV, classified under NTEE code P30. The organization reported total revenue of $639K and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harmony House Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Harmony House Inc is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 4.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $598K |
| Total Expenses | $629K |
| Surplus / Deficit | $-30,583 |
| Total Assets | $1.7M |
| Total Liabilities | $126K |
| Net Assets | $1.6M |
| Operating Margin | -5.1% |
| Debt-to-Asset Ratio | 7.2% |
| Months of Reserves | 33.2 months |
Financial Health Grade: B
In 2024, Harmony House Inc reported a deficit of $31K with expenses exceeding revenue, holds 33.2 months of operating reserves (strong position), has a debt-to-asset ratio of 7.2% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Harmony House Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +10.9% | +6.2% | +10.6% |
| 2023 | -17.6% | -4.6% | -0.1% |
| 2022 | +19.2% | +4.4% | +1.6% |
| 2021 | -14.2% | +1.4% | +8.5% |
| 2020 | -2.4% | +4.8% | +3.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Harmony House 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Harmony House Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $31K, with expenses exceeding revenue.
- Debt-to-asset ratio: 7.2%.
Executive Compensation Analysis
Harmony House Inc. reports 0% officer compensation across all available filings, suggesting that executive leadership is either entirely volunteer-based or compensated below IRS reporting thresholds, which is a strong positive for donor perception of resource allocation.
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 House Inc's IRS 990 filings:
- Recent minor operating deficits in the last two periods (e.g., $30,583 deficit in 202406).
Strengths
The following positive indicators were identified for Harmony House Inc:
- Consistent asset growth over the past decade, from $1,001,898 in 2015 to $1,737,985 in 2024.
- No reported officer compensation across all filings, indicating efficient use of funds for mission.
- Relatively low liabilities compared to assets, suggesting a healthy balance sheet.
- Stable revenue streams, generally covering expenses over the long term.
Frequently Asked Questions about Harmony House Inc
Is Harmony House Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Harmony House Inc (EIN: 203135260) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Harmony House Inc spend its money?
Harmony House Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Harmony House Inc tax-deductible?
Harmony House Inc is registered as a tax-exempt nonprofit (EIN: 203135260). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Harmony House Inc's spending goes to programs?
Harmony House Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Harmony House Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Harmony House Inc is above average for NTEE category P30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Harmony House Inc located?
Harmony House Inc is headquartered in Wheeling, West Virginia and files with the IRS under EIN 203135260. It is classified under NTEE code P30.
How many years of IRS 990 filings does Harmony House Inc have?
Harmony House Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $639K in total revenue.
Is Harmony House Inc. financially stable?
Yes, Harmony House Inc. appears financially stable, demonstrated by consistent asset growth from $1,001,898 in 2015 to $1,737,985 in 2024, and relatively low liabilities compared to assets.
How does Harmony House Inc. manage executive compensation?
Harmony House Inc. reports 0% officer compensation in all available filings, indicating that executive leadership is not compensated or falls below IRS reporting thresholds.
Has Harmony House Inc. experienced recent financial deficits?
Yes, in the most recent two periods (202306 and 202406), expenses slightly exceeded revenue, for example, $628,988 in expenses against $598,405 in revenue in 2024. However, this follows a trend of asset growth.
Filing History
IRS 990 filing history for Harmony House Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Harmony House Inc's revenue has grown by 60.5%, moving from $373K to $598K. Total assets increased by 196.6% over the same period, from $586K to $1.7M. Total functional expenses rose by 124.2%, from $280K to $629K. In its most recent filing year (2024), Harmony House Inc reported a deficit of $31K, with expenses exceeding revenue. The organization holds $126K in liabilities against $1.7M in assets (debt-to-asset ratio: 7.2%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $598K | $629K | $1.7M | $126K | — | — |
| 2023 | $540K | $592K | $1.6M | $53K | — | — |
| 2022 | $655K | $621K | $1.6M | $85K | — | View 990 |
| 2021 | $550K | $595K | $1.5M | $33K | — | View 990 |
| 2020 | $640K | $586K | $1.4M | $26K | — | View 990 |
| 2019 | $656K | $560K | $1.4M | $18K | — | View 990 |
| 2018 | $532K | $427K | $1.3M | $9K | — | View 990 |
| 2017 | $468K | $405K | $1.2M | $30K | — | View 990 |
| 2016 | $425K | $320K | $1.1M | $14K | — | View 990 |
| 2015 | $409K | $284K | $1.0M | $15K | — | View 990 |
| 2014 | $484K | $271K | $877K | $15K | — | View 990 |
| 2013 | $352K | $275K | $663K | $14K | — | View 990 |
| 2012 | $373K | $280K | $586K | $14K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $598K, expenses of $629K, and assets of $1.7M (revenue +10.9% year-over-year).
- 2023: Revenue of $540K, expenses of $592K, and assets of $1.6M (revenue -17.6% year-over-year).
- 2022: Revenue of $655K, expenses of $621K, and assets of $1.6M (revenue +19.2% year-over-year).
- 2021: Revenue of $550K, expenses of $595K, and assets of $1.5M (revenue -14.2% year-over-year).
- 2020: Revenue of $640K, expenses of $586K, and assets of $1.4M (revenue -2.4% year-over-year).
- 2019: Revenue of $656K, expenses of $560K, and assets of $1.4M (revenue +23.4% year-over-year).
- 2018: Revenue of $532K, expenses of $427K, and assets of $1.3M (revenue +13.6% year-over-year).
- 2017: Revenue of $468K, expenses of $405K, and assets of $1.2M (revenue +10.2% year-over-year).
- 2016: Revenue of $425K, expenses of $320K, and assets of $1.1M (revenue +3.9% year-over-year).
- 2015: Revenue of $409K, expenses of $284K, and assets of $1.0M (revenue -15.5% year-over-year).
- 2014: Revenue of $484K, expenses of $271K, and assets of $877K (revenue +37.5% year-over-year).
- 2013: Revenue of $352K, expenses of $275K, and assets of $663K (revenue -5.6% year-over-year).
- 2012: Revenue of $373K, expenses of $280K, and assets of $586K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Harmony House Inc:
Data Sources and Methodology
This transparency report for Harmony House 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.