Harmony School Of Music Incorporated
EIN: 815157369 · Cedar Rapids, IA · NTEE: B30
| Metric | Value |
|---|---|
| Total Revenue | $81K |
| Total Expenses | $74K |
| Net Assets | $7K |
Is Harmony School Of Music Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Harmony School Of Music Incorporated
Harmony School Of Music Incorporated (EIN: 815157369) is a nonprofit organization based in Cedar Rapids, IA, classified under NTEE code B30. The organization reported total revenue of $81K and total assets of $19K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harmony School Of Music Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Harmony School Of Music Incorporated is a micro nonprofit that has been operating for 9 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 82.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $81K |
| Total Expenses | $74K |
| Surplus / Deficit | +$6K |
| Total Assets | $19K |
| Total Liabilities | $12K |
| Net Assets | $7K |
| Operating Margin | 8.0% |
| Debt-to-Asset Ratio | 63.7% |
| Months of Reserves | 3.0 months |
Financial Health Grade: A
In 2023, Harmony School Of Music Incorporated reported a surplus of $6K with revenue exceeding expenses, holds 3.0 months of operating reserves (adequate), has a debt-to-asset ratio of 63.7% (high leverage).
Financial Trends
Over 7 years of filings (2017–2023), Harmony School Of Music Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 82.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.4% | -24.5% | +66.7% |
| 2022 | +69.6% | +176.1% | -58.9% |
| 2021 | -54.0% | -66.6% | +72.1% |
| 2020 | +10.2% | -3.2% | +299.3% |
| 2019 | -2.4% | +9.3% | -54.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Harmony School Of Music Incorporated 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 School Of Music Incorporated 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 $6K, with revenue exceeding expenses.
- Debt-to-asset ratio: 63.7%.
Frequently Asked Questions about Harmony School Of Music Incorporated
Is Harmony School Of Music Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Harmony School Of Music Incorporated (EIN: 815157369) insufficient data. 0 red flags identified, 0 strengths noted.
How does Harmony School Of Music Incorporated spend its money?
Detailed spending breakdown data is not yet available for Harmony School Of Music Incorporated. Check back for updated IRS 990 analysis.
Are donations to Harmony School Of Music Incorporated tax-deductible?
Harmony School Of Music Incorporated is registered as a tax-exempt nonprofit (EIN: 815157369). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Harmony School Of Music Incorporated located?
Harmony School Of Music Incorporated is headquartered in Cedar Rapids, Iowa and files with the IRS under EIN 815157369. It is classified under NTEE code B30.
How many years of IRS 990 filings does Harmony School Of Music Incorporated have?
Harmony School Of Music Incorporated has 7 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 $81K in total revenue.
Filing History
IRS 990 filing history for Harmony School Of Music Incorporated showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Harmony School Of Music Incorporated's revenue has grown by 3547%, moving from $2K to $81K. Total assets increased by 1978.7% over the same period, from $890 to $19K. Total functional expenses rose by 5499.9%, from $1K to $74K. In its most recent filing year (2023), Harmony School Of Music Incorporated reported a surplus of $6K, with revenue exceeding expenses. The organization holds $12K in liabilities against $19K in assets (debt-to-asset ratio: 63.7%), resulting in net assets of $7K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $81K | $74K | $19K | $12K | — | — |
| 2022 | $85K | $99K | $11K | $11K | — | — |
| 2021 | $50K | $36K | $27K | $13K | — | View 990 |
| 2020 | $109K | $107K | $16K | $16K | — | View 990 |
| 2019 | $99K | $110K | $4K | $6K | — | View 990 |
| 2018 | $101K | $101K | $9K | $8K | — | View 990 |
| 2017 | $2K | $1K | $890 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $81K, expenses of $74K, and assets of $19K (revenue -4.4% year-over-year).
- 2022: Revenue of $85K, expenses of $99K, and assets of $11K (revenue +69.6% year-over-year).
- 2021: Revenue of $50K, expenses of $36K, and assets of $27K (revenue -54.0% year-over-year).
- 2020: Revenue of $109K, expenses of $107K, and assets of $16K (revenue +10.2% year-over-year).
- 2019: Revenue of $99K, expenses of $110K, and assets of $4K (revenue -2.4% year-over-year).
- 2018: Revenue of $101K, expenses of $101K, and assets of $9K (revenue +4450.8% year-over-year).
- 2017: Revenue of $2K, expenses of $1K, and assets of $890.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Harmony School Of Music Incorporated:
Data Sources and Methodology
This transparency report for Harmony School Of Music Incorporated 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.