Harvest Home Farmers Market Inc

Analysis

Harvest Home Farmers Market Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 2008, 18 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Harvest Home Farmers Market Inc reported income of $1.1m and spending of $1.0m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $550k to $1.1m (+99%), an average of +19% a year. The sharpest change came in the year to December 2022, when income rose by 30%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Harvest Home Farmers Market Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include American Care Foundation ($1.1m), Circle Tail Inc ($1.1m) and Garden of Hope of Central Texas ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 10.0% of the total. Compensation of current officers, directors and key employees was $135k (13% of expenses). Other salaries and wages came to $382k. At year end it held assets of $382k against liabilities of $333k, net assets of $49k. It reported 25 employees.