Harmony Inc
Harmony Inc. reported minimal financial activity in its single 2014 filing, with $16,682 in revenue and $16,021 in expenses.
EIN: 20514201 · Nashua, NH · NTEE: A6B · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $16K |
| Program Spending | 75% |
| Net Assets | $17K |
| Transparency Score | 50/100 |
Is Harmony Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Harmony Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Harmony Inc
Harmony Inc (EIN: 20514201) is a nonprofit organization based in Nashua, NH, classified under NTEE code A6B. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harmony Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Harmony Inc is a micro nonprofit that has been operating for 12 years.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
| Total Revenue | $17K |
| Total Expenses | $16K |
| Surplus / Deficit | +$661 |
| Total Assets | $17K |
| Net Assets | $17K |
| Operating Margin | 4.0% |
| Months of Reserves | 12.8 months |
Financial Health Grade: A
In 2014, Harmony Inc reported a surplus of $661 with revenue exceeding expenses, holds 12.8 months of operating reserves (strong position).
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2014 |
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 Inc with a Mission Score of 50 out of 100 (Fair). 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: 75%
- fundraising: 10%
According to IRS 990 filings, Harmony Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $661, with revenue exceeding expenses.
Executive Compensation Analysis
In its 2014 filing, Harmony Inc. reported 0% of expenses going to officer compensation, indicating that executive pay was not a significant financial burden for this small organization.
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 Inc's IRS 990 filings:
- Significant discrepancy between 2014 assets ($17,080) and latest reported assets ($0)
- Latest reported revenue and assets are $0, suggesting potential inactivity or data issues
- Only one IRS 990 filing available (2014), limiting current financial assessment
Strengths
The following positive indicators were identified for Harmony Inc:
- No officer compensation reported in 2014 filing, indicating efficient use of funds for leadership at that time
- Expenses were slightly less than revenue in 2014, showing fiscal responsibility for that period
Frequently Asked Questions about Harmony Inc
Is Harmony Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Harmony Inc (EIN: 20514201) some concerns. Mission Score: 50/100. 3 red flags identified, 2 strengths noted.
How does Harmony Inc spend its money?
Harmony Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Harmony Inc tax-deductible?
Harmony Inc is registered as a tax-exempt nonprofit (EIN: 20514201). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Harmony Inc's spending goes to programs?
Harmony Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Harmony Inc compare to similar nonprofits?
With a transparency score of 50/100 (Fair), Harmony Inc is near average for NTEE category A6B nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Harmony Inc located?
Harmony Inc is headquartered in Nashua, New Hampshire and files with the IRS under EIN 20514201. It is classified under NTEE code A6B.
Is Harmony Inc. still actively operating given the reported $0 revenue and assets in the latest data?
The provided data shows $0 in latest revenue and assets, contrasting with the 2014 filing. This suggests the organization may no longer be active or has significantly reduced its operations. Further investigation into more recent filings or public information would be needed to confirm its current status.
What caused the discrepancy between the 2014 assets ($17,080) and the latest reported assets ($0)?
The discrepancy could be due to several factors, including asset liquidation, a change in reporting, or an error in the provided summary data. Without more detailed financial statements or subsequent filings, the exact reason is unclear.
Filing History
IRS 990 filing history for Harmony Inc showing financial trends over 1 year of public records:
In its most recent filing year (2014), Harmony Inc reported a surplus of $661, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2014 | $17K | $16K | $17K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Harmony Inc:
Data Sources and Methodology
This transparency report for 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.