Harmel Academy Inc

Education · Grand Rapids, Michigan

2001 Robinson Rd Se, Grand Rapids, MI 49506-1845

EIN: 820916401· Founded: Jan 2018· 8 years active· Filing Year: 2023

Annual Revenue

$1.5M

Total Expenses

$1.4M

Total Assets

$711K

Program Spending

35%

of expenses go to programs

Compensation & Payroll

Total Officer Compensation

$231K

16.6% of total expenses

All officers, directors, and key employees combined

Other Salaries & Wages

$321K

Total Payroll

$552K

40% of total expenses

Where the Money Goes

35%

Programs: 35%

Payroll: 40%

Other overhead: 65%

Program Revenue$492K (33%)

Total Expenses$1.4M (94%)

Payroll$552K (40%)

Overhead (non-program)65%

Trust Score Breakdown

Program Spending Ratio

35% of expenses go to programs

40%

Revenue & Stability

$1.5M annual revenue

15%

Executive Compensation

$231K total officer comp (16.6% of expenses)

20%

Filing Recency

Most recent filing: 2023

15%

Asset Strength

$711K in assets

10%

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Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.