Harms Family Roundation
Harms Family Foundation maintains stable assets and zero officer compensation, with expenses occasionally exceeding revenue.
EIN: 201936967 · Wilmington, NC · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $655K |
| Total Expenses | $102K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1.1 |
| Net Assets | $1.2M |
| Transparency Score | 85/100 |
Is Harms Family Roundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Harms Family Roundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Harms Family Roundation
Harms Family Roundation (EIN: 201936967) is a nonprofit organization based in Wilmington, NC, classified under NTEE code T20. The organization reported total revenue of $655K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harms Family Roundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Harms Family Roundation is a small nonprofit that has been operating for 21 years, with 8 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of 9.3%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $259K |
| Total Expenses | $102K |
| Surplus / Deficit | +$157K |
| Total Assets | $1.2M |
| Total Liabilities | $1 |
| Net Assets | $1.2M |
| Operating Margin | 60.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 137.6 months |
Financial Health Grade: A
In 2021, Harms Family Roundation reported a surplus of $157K with revenue exceeding expenses, holds 137.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 8 years of filings (2011–2021), Harms Family Roundation's revenue has grown at a compound annual growth rate (CAGR) of 9.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +397.8% | +0.9% | +15.5% |
| 2020 | -57.8% | -41.7% | -4.6% |
| 2019 | +14.7% | +38.6% | -9.4% |
| 2015 | +4.9% | -10.0% | -1.5% |
| 2014 | +3.5% | +14.5% | -3.0% |
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 Harms Family Roundation 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: 90%
- fundraising: 0%
According to IRS 990 filings, Harms Family Roundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $157K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either unpaid or compensated through non-officer channels, which is a positive sign for resource allocation given the organization's asset base of over $1.1 million.
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 Harms Family Roundation's IRS 990 filings:
- Expenses frequently exceed revenue, indicating reliance on endowment drawdowns.
Strengths
The following positive indicators were identified for Harms Family Roundation:
- Consistent IRS 990 filing history demonstrates transparency.
- Zero officer compensation reported across all filings, indicating efficient use of funds.
- Stable asset base of over $1.1 million provides long-term financial security.
- Very low liabilities ($1 in most recent filings) indicates sound financial management.
Frequently Asked Questions about Harms Family Roundation
Is Harms Family Roundation a legitimate charity?
Harms Family Roundation (EIN: 201936967) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 85/100. It has 8 years of IRS 990 filings on record. Total revenue: $655K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Harms Family Roundation spend its money?
Harms Family Roundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Harms Family Roundation tax-deductible?
Harms Family Roundation is registered as a tax-exempt nonprofit (EIN: 201936967). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Harms Family Roundation CEO make?
Harms Family Roundation's highest-compensated officer earns $1.1 annually. The organization reported $655K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Harms Family Roundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Harms Family Roundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Harms Family Roundation located?
Harms Family Roundation is headquartered in Wilmington, North Carolina and files with the IRS under EIN 201936967. It is classified under NTEE code T20.
How many years of IRS 990 filings does Harms Family Roundation have?
Harms Family Roundation has 8 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 $655K in total revenue.
Is Harms Family Foundation financially stable?
Yes, the foundation appears financially stable with a consistent asset base of over $1.1 million, despite periods where expenses have exceeded revenue, indicating reliance on its endowment.
How does Harms Family Foundation manage its administrative costs?
The foundation demonstrates very low administrative overhead, notably with 0% officer compensation reported across all filings, suggesting efficient management of its operational expenses.
What is the primary source of funding for Harms Family Foundation?
Given the fluctuating revenue and consistent asset base, the foundation likely relies on investment returns from its endowment and contributions to fund its activities.
Does Harms Family Foundation spend a high percentage on its programs?
While specific program spending percentages are not detailed in the provided data, the 0% officer compensation strongly suggests that a very high proportion of its expenses are directed towards its charitable purpose, likely grants, rather than administrative overhead.
Filing History
IRS 990 filing history for Harms Family Roundation showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2021), Harms Family Roundation's revenue has grown by 144.1%, moving from $106K to $259K. Total assets decreased by 8.9% over the same period, from $1.3M to $1.2M. Total functional expenses fell by 37.5%, from $163K to $102K. In its most recent filing year (2021), Harms Family Roundation reported a surplus of $157K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $259K | $102K | $1.2M | $1 | — | View 990 |
| 2020 | $52K | $101K | $1.0M | $1 | — | — |
| 2019 | $123K | $173K | $1.1M | $1 | — | View 990 |
| 2015 | $107K | $125K | $1.2M | $1 | — | View 990 |
| 2014 | $102K | $139K | $1.2M | $1 | — | View 990 |
| 2013 | $99K | $121K | $1.2M | $1 | — | View 990 |
| 2012 | $81K | $100K | $1.2M | $1 | — | View 990 |
| 2011 | $106K | $163K | $1.3M | $16K | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $259K, expenses of $102K, and assets of $1.2M (revenue +397.8% year-over-year).
- 2020: Revenue of $52K, expenses of $101K, and assets of $1.0M (revenue -57.8% year-over-year).
- 2019: Revenue of $123K, expenses of $173K, and assets of $1.1M (revenue +14.7% year-over-year).
- 2015: Revenue of $107K, expenses of $125K, and assets of $1.2M (revenue +4.9% year-over-year).
- 2014: Revenue of $102K, expenses of $139K, and assets of $1.2M (revenue +3.5% year-over-year).
- 2013: Revenue of $99K, expenses of $121K, and assets of $1.2M (revenue +22.6% year-over-year).
- 2012: Revenue of $81K, expenses of $100K, and assets of $1.2M (revenue -24.0% year-over-year).
- 2011: Revenue of $106K, expenses of $163K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Harms Family Roundation:
Data Sources and Methodology
This transparency report for Harms Family Roundation 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.