The 2022 fiscal year was a very successful year financially for In Harmony Therapeutic Services. As displayed above, total revenue exceeded total expenses, resulting in an increase in our net assets (think: cash in the bank) of over $30,000. This cash provides flexibility and security for the organization, enabling the In Harmony team to make strategic investments to continue growing from a small- to a medium-sized non-profit.
The 2022 fiscal year also included a 52% increase in total revenue for the organization when compared against the prior 2021 fiscal year. This increase was driven by growth in both In Harmony’s earned or program income, or the money we make from providing services, and contributed income, or the money we earn through donations, grants, and special events. Each of our individual and institutional donors deserves a big thank you for helping achieve such growth.
Total expenses increased by 26% from fiscal years 2021 to 2022, which was driven almost exclusively be the increase in the number of paid In Harmony staff members.