Harmony Project Phoenix
EIN: 853131216 · Phoenix, AZ · NTEE: A25
| Metric | Value |
|---|---|
| Total Revenue | $240K |
| Total Expenses | $273K |
| Net Assets | $103K |
Is Harmony Project Phoenix Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Harmony Project Phoenix
Harmony Project Phoenix (EIN: 853131216) is a nonprofit organization based in Phoenix, AZ, classified under NTEE code A25. The organization reported total revenue of $240K and total assets of $48K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harmony Project Phoenix's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Harmony Project Phoenix is a small nonprofit that has been operating for 5 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 27.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $320K |
| Total Expenses | $273K |
| Surplus / Deficit | +$48K |
| Total Assets | $113K |
| Total Liabilities | $9K |
| Net Assets | $103K |
| Operating Margin | 14.9% |
| Debt-to-Asset Ratio | 8.3% |
| Months of Reserves | 5.0 months |
Financial Health Grade: A
In 2023, Harmony Project Phoenix reported a surplus of $48K with revenue exceeding expenses, holds 5.0 months of operating reserves (adequate), has a debt-to-asset ratio of 8.3% (very low leverage).
Financial Trends
Over 2 years of filings (2022–2023), Harmony Project Phoenix's revenue has grown at a compound annual growth rate (CAGR) of 27.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +27.7% | +20.6% | +73.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Harmony Project Phoenix 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 Harmony Project Phoenix 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 $48K, with revenue exceeding expenses.
- Debt-to-asset ratio: 8.3%.
Frequently Asked Questions about Harmony Project Phoenix
Is Harmony Project Phoenix a legitimate charity?
Harmony Project Phoenix (EIN: 853131216) is a registered tax-exempt nonprofit based in Arizona. It has 2 years of IRS 990 filings on record. Total revenue: $240K. No red flags identified. Financial health grade: A.
How does Harmony Project Phoenix spend its money?
Harmony Project Phoenix reported $240K in total revenue in IRS 990 filings. 2 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Harmony Project Phoenix tax-deductible?
Harmony Project Phoenix is registered as a tax-exempt nonprofit (EIN: 853131216). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Harmony Project Phoenix located?
Harmony Project Phoenix is headquartered in Phoenix, Arizona and files with the IRS under EIN 853131216. It is classified under NTEE code A25.
How many years of IRS 990 filings does Harmony Project Phoenix have?
Harmony Project Phoenix 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 $240K in total revenue.
Filing History
IRS 990 filing history for Harmony Project Phoenix showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Harmony Project Phoenix's revenue has grown by 27.7%, moving from $251K to $320K. Total assets increased by 73.4% over the same period, from $65K to $113K. Total functional expenses rose by 20.6%, from $226K to $273K. In its most recent filing year (2023), Harmony Project Phoenix reported a surplus of $48K, with revenue exceeding expenses. The organization holds $9K in liabilities against $113K in assets (debt-to-asset ratio: 8.3%), resulting in net assets of $103K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $320K | $273K | $113K | $9K | — | — |
| 2022 | $251K | $226K | $65K | $9K | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Harmony Project Phoenix:
Data Sources and Methodology
This transparency report for Harmony Project Phoenix 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.