Harvestworks Inc

Analysis

Harvestworks Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2022, 4 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Harvestworks Inc reported income of $211k and spending of $261k, spending 124% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $358k to $211k (-41%), an average of -12% a year. The sharpest change came in the year to June 2022, when income dropped by 26%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Harvestworks Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include Dawson County Historical Society ($211k), Heather Wayne Dance Company Inc ($211k) and Womans Club of Coconut Grove Florida ($211k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $58k (22% of expenses). Other salaries and wages came to $10k. At year end it held assets of $140k against liabilities of $60k, net assets of $80k. It reported 5 employees.