New Harmony Project Inc
EIN: 351728624 · Indianapolis, IN · NTEE: A650
| Metric | Value |
|---|---|
| Total Revenue | $506K |
| Total Expenses | $493K |
| Net Assets | $218K |
Is New Harmony Project Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About New Harmony Project Inc
New Harmony Project Inc (EIN: 351728624) is a nonprofit organization based in Indianapolis, IN, classified under NTEE code A650. The organization reported total revenue of $506K and total assets of $334K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Harmony Project Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Harmony Project Inc is a small nonprofit that has been operating for 38 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 7.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $434K |
| Total Expenses | $493K |
| Surplus / Deficit | $-58,353 |
| Total Assets | $241K |
| Total Liabilities | $22K |
| Net Assets | $218K |
| Operating Margin | -13.4% |
| Debt-to-Asset Ratio | 9.3% |
| Months of Reserves | 5.9 months |
Financial Health Grade: B
In 2023, New Harmony Project Inc reported a deficit of $58K with expenses exceeding revenue, holds 5.9 months of operating reserves (adequate), has a debt-to-asset ratio of 9.3% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), New Harmony Project Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.0% | -8.2% | -16.9% |
| 2022 | +30.0% | +212.5% | -29.5% |
| 2021 | +31.3% | -7.4% | +50.7% |
| 2020 | -11.9% | -42.7% | -0.4% |
| 2019 | +9.9% | +43.9% | +25.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for New Harmony Project Inc 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 New Harmony Project Inc 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 deficit of $58K, with expenses exceeding revenue.
- Debt-to-asset ratio: 9.3%.
Frequently Asked Questions about New Harmony Project Inc
Is New Harmony Project Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New Harmony Project Inc (EIN: 351728624) insufficient data. 0 red flags identified, 0 strengths noted.
How does New Harmony Project Inc spend its money?
Detailed spending breakdown data is not yet available for New Harmony Project Inc. Check back for updated IRS 990 analysis.
Are donations to New Harmony Project Inc tax-deductible?
New Harmony Project Inc is registered as a tax-exempt nonprofit (EIN: 351728624). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is New Harmony Project Inc located?
New Harmony Project Inc is headquartered in Indianapolis, Indiana and files with the IRS under EIN 351728624. It is classified under NTEE code A650.
How many years of IRS 990 filings does New Harmony Project Inc have?
New Harmony Project Inc has 12 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 $506K in total revenue.
Filing History
IRS 990 filing history for New Harmony Project Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), New Harmony Project Inc's revenue has grown by 131.4%, moving from $188K to $434K. Total assets decreased by 32.3% over the same period, from $355K to $241K. Total functional expenses rose by 135.8%, from $209K to $493K. In its most recent filing year (2023), New Harmony Project Inc reported a deficit of $58K, with expenses exceeding revenue. The organization holds $22K in liabilities against $241K in assets (debt-to-asset ratio: 9.3%), resulting in net assets of $218K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $434K | $493K | $241K | $22K | — | View 990 |
| 2022 | $439K | $537K | $289K | $13K | — | View 990 |
| 2021 | $338K | $172K | $411K | $30K | — | View 990 |
| 2020 | $257K | $186K | $272K | $28K | — | View 990 |
| 2019 | $292K | $324K | $273K | $100K | — | View 990 |
| 2018 | $265K | $225K | $219K | $8K | — | View 990 |
| 2017 | $207K | $224K | $203K | $33K | — | View 990 |
| 2016 | $202K | $229K | $192K | $4K | — | View 990 |
| 2015 | $206K | $192K | $225K | $11K | — | View 990 |
| 2014 | $159K | $205K | $204K | $4K | — | View 990 |
| 2013 | $160K | $223K | $249K | $3K | — | View 990 |
| 2012 | $188K | $209K | $355K | $47K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $434K, expenses of $493K, and assets of $241K (revenue -1.0% year-over-year).
- 2022: Revenue of $439K, expenses of $537K, and assets of $289K (revenue +30.0% year-over-year).
- 2021: Revenue of $338K, expenses of $172K, and assets of $411K (revenue +31.3% year-over-year).
- 2020: Revenue of $257K, expenses of $186K, and assets of $272K (revenue -11.9% year-over-year).
- 2019: Revenue of $292K, expenses of $324K, and assets of $273K (revenue +9.9% year-over-year).
- 2018: Revenue of $265K, expenses of $225K, and assets of $219K (revenue +28.3% year-over-year).
- 2017: Revenue of $207K, expenses of $224K, and assets of $203K (revenue +2.4% year-over-year).
- 2016: Revenue of $202K, expenses of $229K, and assets of $192K (revenue -2.0% year-over-year).
- 2015: Revenue of $206K, expenses of $192K, and assets of $225K (revenue +29.9% year-over-year).
- 2014: Revenue of $159K, expenses of $205K, and assets of $204K (revenue -0.6% year-over-year).
- 2013: Revenue of $160K, expenses of $223K, and assets of $249K (revenue -15.0% year-over-year).
- 2012: Revenue of $188K, expenses of $209K, and assets of $355K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Harmony Project Inc:
Data Sources and Methodology
This transparency report for New Harmony Project 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.