Harmony Outreach Inc
Harmony Outreach Inc shows consistent revenue growth and asset accumulation with no reported officer compensation.
EIN: 203661997 · Mt Juliet, TN · NTEE: P40 · Updated: 2026-03-28
Is Harmony Outreach Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Harmony Outreach Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Harmony Outreach Inc
Harmony Outreach Inc (EIN: 203661997) is a nonprofit organization based in Mt Juliet, TN, classified under NTEE code P40. The organization reported total revenue of $775K and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harmony Outreach 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 Outreach 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Harmony Outreach Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Harmony Outreach Inc consistently reports 0% officer compensation across all available filings, suggesting that its executive leadership may be entirely volunteer-based or compensated through non-officer roles, which is unusual for an organization with nearly $700,000 in annual revenue.
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 Outreach Inc's IRS 990 filings:
- Significant increase in liabilities in 2023 to $540,932 without immediate explanation.
- Lack of detailed expense breakdown (program, admin, fundraising) in summary data.
- Consistent 0% officer compensation, which, while potentially positive, can also obscure full leadership costs if compensation is structured differently.
Strengths
The following positive indicators were identified for Harmony Outreach Inc:
- Consistent revenue generation, with latest revenue at $693,690.
- Strong asset growth from $421,068 in 2014 to $1,642,561 in 2023.
- Positive net income in most years, indicating financial sustainability.
- Consistent IRS 990 filing history over 13 periods, demonstrating transparency and compliance.
Frequently Asked Questions about Harmony Outreach Inc
Is Harmony Outreach Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Harmony Outreach Inc (EIN: 203661997) some concerns. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.
How does Harmony Outreach Inc spend its money?
Harmony Outreach Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Harmony Outreach Inc tax-deductible?
Harmony Outreach Inc is registered as a tax-exempt nonprofit (EIN: 203661997). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Harmony Outreach Inc a good charity?
Based on the available data, Harmony Outreach Inc appears to be a financially stable organization with consistent revenue and asset growth, and a strong indication of program focus given the lack of reported officer compensation. However, a full assessment would require a detailed breakdown of program, administrative, and fundraising expenses.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation across all filings suggests that the organization's leadership may be entirely volunteer-based or compensated through other means not categorized as 'Officer Comp' on the 990 form. This is a unique characteristic for an organization of its size.
What caused the significant increase in liabilities in 2023?
In 2023, liabilities jumped to $540,932 from $232,411 in 2022. The specific reasons for this increase are not detailed in the provided summary data and would require reviewing the full IRS 990 filing for that period to understand the nature of these new obligations.
How does Harmony Outreach Inc allocate its expenses between programs, administration, and fundraising?
While the exact breakdown is not provided in the summary, the consistent positive net income and the absence of officer compensation suggest a lean administrative structure. A detailed breakdown would be necessary to confirm the precise allocation, but the overall financial health points to a strong program focus.
Filing History
IRS 990 filing history for Harmony Outreach Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Harmony Outreach Inc's revenue has grown by 21.4%, moving from $571K to $694K. Total assets increased by 467.5% over the same period, from $289K to $1.6M. Total functional expenses rose by 12.1%, from $564K to $632K. In its most recent filing year (2023), Harmony Outreach Inc reported a surplus of $62K, with revenue exceeding expenses. The organization holds $541K in liabilities against $1.6M in assets (debt-to-asset ratio: 32.9%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $694K | $632K | $1.6M | $541K | — | — |
| 2022 | $750K | $631K | $1.3M | $232K | — | — |
| 2021 | $996K | $638K | $1.2M | $241K | — | View 990 |
| 2020 | $680K | $545K | $571K | $7K | — | View 990 |
| 2019 | $642K | $626K | $441K | $13K | — | View 990 |
| 2018 | $558K | $635K | $545K | $132K | — | View 990 |
| 2017 | $674K | $651K | $548K | $59K | — | — |
| 2016 | $673K | $667K | $540K | $74K | — | View 990 |
| 2015 | $672K | $601K | $467K | $6K | — | View 990 |
| 2014 | $648K | $608K | $421K | $32K | — | View 990 |
| 2013 | $678K | $683K | $357K | $7K | — | View 990 |
| 2012 | $690K | $614K | $366K | $11K | — | View 990 |
| 2011 | $571K | $564K | $289K | $9K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $694K, expenses of $632K, and assets of $1.6M (revenue -7.5% year-over-year).
- 2022: Revenue of $750K, expenses of $631K, and assets of $1.3M (revenue -24.6% year-over-year).
- 2021: Revenue of $996K, expenses of $638K, and assets of $1.2M (revenue +46.4% year-over-year).
- 2020: Revenue of $680K, expenses of $545K, and assets of $571K (revenue +5.9% year-over-year).
- 2019: Revenue of $642K, expenses of $626K, and assets of $441K (revenue +15.0% year-over-year).
- 2018: Revenue of $558K, expenses of $635K, and assets of $545K (revenue -17.2% year-over-year).
- 2017: Revenue of $674K, expenses of $651K, and assets of $548K (revenue +0.2% year-over-year).
- 2016: Revenue of $673K, expenses of $667K, and assets of $540K (revenue +0.1% year-over-year).
- 2015: Revenue of $672K, expenses of $601K, and assets of $467K (revenue +3.7% year-over-year).
- 2014: Revenue of $648K, expenses of $608K, and assets of $421K (revenue -4.4% year-over-year).
- 2013: Revenue of $678K, expenses of $683K, and assets of $357K (revenue -1.7% year-over-year).
- 2012: Revenue of $690K, expenses of $614K, and assets of $366K (revenue +20.7% year-over-year).
- 2011: Revenue of $571K, expenses of $564K, and assets of $289K.
Data Sources and Methodology
This transparency report for Harmony Outreach 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.