Island Harvest Ltd

Analysis

Island Harvest Ltd is a registered charity in United States, based in Melville, NY. It received its IRS tax-exemption ruling in March 1993, 33 years ago. Its declared purposes cover human services, 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 June 2023, Island Harvest Ltd reported income of $37.0m and spending of $34.0m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $24.0m to $37.0m (+54%), an average of +12% a year. The sharpest change came in the year to June 2020, when income rose by 42%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Island Harvest Ltd sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Child Care Aware of America ($37.0m), Visiting Nurse Association of Saint Lukes-Home Health-Hospice Inc ($37.0m) and Lutheran Family Services in the Carolinas Inc ($37.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $465k (1.4% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $20.3m against liabilities of $3.2m, net assets of $17.1m. It reported 96 employees.